On Tuesday, the CME Group’s corn, soybean and wheat markets are expected to start lower.
The early calls for the commodities on Tuesday, September 22, 2015, are weaker. Corn is seen opening 4-5 cents lower, soybeans 7-9 cents lower, and wheat 5-7 cents lower.
In overnight trading, the Dec. corn futures contract traded 4 cents lower at $3.80. Nov. soybean futures traded 7 cents lower at $8.67.
Dec. wheat futures contract traded 5 cents lower at $4.91. For Dec. soybean meal futures, the contract traded $1.20 per short ton lower at $307.00, Dec. soybean oil futures traded $0.25 lower at $26.46.
The outside markets are unfavorable for Tuesday’s grain trade. The real factors driving the calls will be the lower overnight markets.
