date:Nov 13, 2012
er bushel, and Dec. wheat traded 7 cents lower at $8.79. For Dec. soybean meal futures, the contract traded $7.30 per short ton lower at $442.40. Dec. soybean oil futures traded $0.45 lower at $47.32.
The outside markets are mostly unfavorable for Monday's grain trade. The real factors driving the calls will be the mostly lower overnight markets.
Tom White, FuturesRoad.net analyst and CME Group corn pit trader, says the market enters the week in a triangle trade pattern, technically-speaking.