Early calls for the commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, March 25, 2011 are higher. Corn is seen opening 7-9 cents higher, soybeans 4-6 cents higher, and wheat 4-6 cents higher.
In overnight electronic trading, the May corn futures contract traded 9 cents higher at $7.11 1/2 per bushel. The May soybean futures contract traded 6 1/2 cents higher at $13.61 per bushel. The May wheat futures contract traded 6 3/4 cents higher at $7.46 1/4. For May soymeal futures, the contract traded $0.50 lower at $359.30, and May soyoil $0.32 higher at $56.44.
The outside markets are mildly supportive for Friday's grain trade. The real factors driving the higher early calls are the higher overnight markets.