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, October 11, 2010 are sharply higher. Corn, soybeans are seen opening 40-45 cents higher.
In overnight electronic trading, the Dec. corn futures contract traded 40 1/4 cents higher at $5.68 1/2 per bushel. The Nov. soybean futures contract traded 47 1/2 cents higher at $11.82 1/2 per bushel. The Dec. wheat futures contract traded 8 cents higher at $7.25 1/4. For Dec. soymeal futures, the contract traded $15.80 per short ton higher at $332.00, and Dec. soyoil up $0.8 at $47.42.
The outside markets are mildly supportive for Monday's grain trade. The real factors driving the higher early calls are the sharply higher overnight markets.