Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, March 9, 2011 are mixed. Corn is seen opening 2-4 cents higher, soybeans 1-2 cents lower, and wheat 5-7 cents higher.
In overnight electronic trading, the May corn futures contract traded 2 1/4 cents higher at $7.07 3/4 per bushel. The May soybean futures contract traded 1 1/4 cents lower at $13.80 3/4 per bushel. The May wheat futures contract traded 5 1/2 cents higher at $7.85 1/4. For May soymeal futures, the contract traded $0.10 lower at $360.30, and May soyoil $0.10 lower at $58.38.
The outside markets are supportive for Wednesday's grain trade. The real factors driving the mixed early calls are the mixed overnight markets.