Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, April 15, 2011 are lower. Corn is seen opening 4-6 cents lower, soybeans 1-2 cents lower, and wheat 1-2 cents lower.
In overnight electronic trading, the May corn futures contract traded 6 1/4 cents lower at $7.48 per bushel. The May soybean futures contract traded 1 3/4 cents lower at $13.29 1/4 per bushel. The May wheat futures contract traded 1 1/2 cents lower at $7.39. For May soymeal futures, the contract traded $1.50 higher at $344.00, and May soyoil $0.23 lower at $56.64.
The outside markets are not supportive for Friday's grain trade. The real factors driving the lower early calls are the mostly weaker overnight markets.