Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Thursday, April 21, 2011 are higher. Corn, soybeans and wheat are seen opening 3-5 cents higher.
In overnight electronic trading, the July corn futures contract traded 5 3/4 cents higher at $7.46 1/4 per bushel. The July soybean futures contract traded 4 3/4 cents higher at $13.74 per bushel. The July wheat futures contract traded 5 cents higher at $8.25 3/4. For July soymeal futures, the contract traded $2.20 higher at $356.80, and July soyoil $0.08 higher at $58.87.
The outside markets are supportive for Thursday's grain trade. The real factors driving the higher early calls are the stronger overnight markets.