For Tuesday, the CME Group corn, soybean markets seen slightly higher Tuesday.The early calls for the commodities on Tuesday, March 5, 2013, are mostly higher. Corn is seen opening 1-2 cents higher. Soybeans are seen 2-4 cents higher and wheat mixed.
In overnight trading, the March corn futures contract traded 2 cents higher at $7.25 per bushel. March soybean futures traded 4 cents higher at $14.94 per bushel, and March wheat traded unchanged at $6.96. For March soybean meal futures, the contract traded $3.10 per short ton higher at $435.30. March soybean oil futures traded $0.13 cents higher at $50.18.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the mostly higher overnight markets.
