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Early calls for corn, wheat, and soybeans

11/30/2010 @ 7:28am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Tuesday, November 30, 2010 are mostly higher. Corn is seen opening 1-2 cents lower, soybeans 1-2 cents higher and wheat up 1-2 cents. 

In overnight electronic trading, the March corn futures contract traded 1 cent lower at $5.52 1/4 per bushel. The Jan. soybean futures contract traded 3 1/4 cents higher at $12.38 1/4 per bushel. The March wheat futures contract traded 1/2 of a cent higher at $6.91. For Dec soymeal futures, the contract traded $0.30 per short ton lower at $336.00, and Jan. soyoil up 0.33 at $50.55.

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