Early calls for the commodities
FARGO, North Dakota (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, January 26, 2011 are lower. Corn is seen starting 4-6 cents higher, soybeans 5-6 higher, and wheat up 6-8 cents.
In overnight electronic trading, the March corn futures contract traded 6 cents higher at $6.50 per bushel. The March soybean futures contract traded 6 1/2 cents higher at $13.81 per bushel. The March wheat futures contract traded 8 3/4 cents higher at $8.47. For March soymeal futures, the contract traded $2.80 per short ton higher at $375.40, and March soyoil up $0.29 at $56.07.
The outside markets are supportive for Tuesday's grain trade. The real factors driving the early calls will be the higher overnight trading.