Early calls for corn, wheat, and soybeans
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, August 23, 2010 are higher. The early calls for corn are 1-2 cents higher, soybeans up 3-5 cents and wheat 5-7 higher.
In overnight electronic trading, the Dec. corn futures contract traded 1 1/2 cents higher at $4.37 1/2 per bushel. The Nov. soybean futures contract traded 5 cents higher at $10.09 per bushel. The Sep. wheat futures contract traded 14 1/4 cents higher at $7.26 1/2. For Dec. soymeal futures, the contract traded $0.90 per short ton higher at $294.00, and Dec. soyoil up 0.26 point at $40.35.
The outside markets are supportive for Monday's grain trade. The real factor driving the higher early calls are the higher overnight markets.