Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Tuesday, April 19, 2011 are higher. Corn and soybeans are seen opening 1-2 cents higher, and wheat 8-10 cents higher.
In overnight electronic trading, the July corn futures contract traded 3 1/4 cents higher at $7.62 3/4 per bushel. The July soybean futures contract traded 1 cent higher at $13.56 3/4 per bushel. The May wheat futures contract traded 17 cents higher at $8.27 3/4. For May soymeal futures, the contract traded $0.20 higher at $348.00, and May soyoil $0.02 higher at $57.41.
The outside markets are mildly supportive for Tuesday's grain trade. The real factors driving the higher early calls are the stronger overnight markets.