Early calls for the commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, April 25, 2011 are higher. Corn is seen opening 13-14 cents higher, soybeans 3-5 cents higher and wheat 18-20 cents higher.
In overnight electronic trading, the July corn futures contract traded 15 cents higher at $7.59 1/2 per bushel. The July soybean futures contract traded 3 1/4 cents higher at $13.93 per bushel. The July wheat futures contract traded 20 1/4 cents higher at $8.55. For July soymeal futures, the contract traded $0.70 lower at $363.20, and July soyoil $0.34 higher at $59.25.
The outside markets are supportive for Monday's grain trade. The real factors driving the higher early calls are the stronger overnight markets.