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Early calls for the commodities

03/25/2011 @ 7:00am

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.

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