On Thursday, the CME Group's corn, soybean and wheat markets are expected to start higher.
The early calls for the commodities on Thursday, February 13, 2014, are weaker. Corn is seen opening 1-2 cents higher, soybeans 2-4 cents higher, and wheat 1-2 cents higher.
In overnight trading, the March corn futures contract traded 3/4 of a cent higher at $4.40 per bushel. March soybean futures traded 4 3/4 cents higher at $13.27. The March wheat futures contract traded 3 1/4 cents higher at $5.90. For March soybean meal futures, the contract traded $0.50 per short ton higher at $444.00. March soybean oil futures traded $0.24 higher at $39.23.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the higher overnight markets.
