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Early calls for the corn, soybean, and wheat markets

10/11/2010 @ 8:55am

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. 

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