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Early calls for corn, wheat, and soybeans

11/29/2010 @ 7:40am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, November 29, 2010 are higher. Corn is seen opening 1-2 cents higher, soybeans 2-4 cents higher and wheat up 3-5 cents. 

In overnight electronic trading, the March corn futures contract traded 2 1/2 cents higher at $5.55 1/2 per bushel. The Jan. soybean futures contract traded 2 1/4 cents higher at $12.40 3/4 per bushel. The Dec. wheat futures contract traded 4 cents higher at $6.52 1/4. For Dec soymeal futures, the contract traded $0.80 per short ton lower at $336.00, and Jan. soyoil up 0.40 at $50.65.

The outside markets are mildly supportive for Monday's grain trade. The real factors driving the higher early calls are the higher overnight markets. 

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