NEWS
DTN Before The Bell Grain Comments
Todd Hultman DTN Grains Analyst
Tue Jul 9, 2013 08:17 AM CDT

Morning CME Globex Update:December corn is trading up 10 1/2 cents, November soybeans are up 23 cents, and September Chicago wheat is trading up 14 cents. Grains are trading higher on Tuesday morning as concerns about late crop development and higher overnight soybean meal prices in China challenge the bearish crop estimates that USDA will likely release on Thursday. Late Monday's Crop Progress report also showed that the soft red winter wheat harvest remains behind schedule from Illinois to Ohio and Michigan, disrupted by excessively wet weather.

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