Early calls for the corn, soybean, and wheat markets
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, September 27, 2010 are higher. The early calls for corn are 3-5 cents higher, soybeans 7-9 cents higher, and wheat 7-9 cents higher.
In overnight electronic trading, the Dec. corn futures contract traded 5 3/4 cents higher at $5.27 1/2 per bushel. The Nov. soybean futures contract traded 13 cents higher at $11.39 per bushel. The Dec. wheat futures contract traded 10 1/2 cents higher at $7.30 1/2. For Dec. soymeal futures, the contract traded $2.80 per short ton higher at $319.80, and Dec. soyoil up 0.27 point at $45.16.
The outside markets are mildly supportive for Monday's grain trade. The real factors driving the higher early calls are the higher overnight markets.