Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, April 4, 2011 are higher. Corn is seen opening 10-12 cents higher, soybeans 4-6 cents higher, and wheat 10-12 cents higher.
In overnight electronic trading, the May corn futures contract traded 10 cents higher at $7.46 1/2 per bushel. The May soybean futures contract traded 4 1/2 cents higher at $13.98 per bushel. The May wheat futures contract traded 13 1/4 cents higher at $7.72 1/4. For May soymeal futures, the contract traded $1.80 higher at $362.70, and May soyoil $0.22 higher at $58.90.
The outside markets are mildly supportive for Monday's grain trade. The real factors driving the mostly higher early calls are the higher overnight markets.