Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, April 18, 2011 are mostly higher. Corn is seen opening 1-2 cents lower, soybeans 1-2 cents higher, and wheat 8-10 cents higher.
In overnight electronic trading, the May corn futures contract traded 1 cents lower at $7.41 per bushel. The May soybean futures contract traded 3/4 of a cent higher at $13.32 1/4 per bushel. The May wheat futures contract traded 12 cents higher at $7.56 1/4. For May soymeal futures, the contract traded $0.30 lowerat $344.90, and May soyoil $0.02 higher at $56.86.
The outside markets are not supportive for Monday's grain trade. The real factors driving the mostly higher early calls are the overnight markets.