Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Thursday, April 28, 2011 are mostly higher. Corn is seen 3-4 cents higher, soybeans 7-8 cents higher and wheat opening 1-2 cents lower.
In overnight electronic trading, the July corn futures contract traded 3 3/4 cents higher at $7.63 per bushel. The July soybean futures contract traded 8 3/4 cents higher at $13.93 1/4 per bushel. The July wheat futures contract traded 1/2 of a cent lower at $8.11 1/2. For July soymeal futures, the contract traded $3.90 higher at $365.70, and July soyoil $0.21 higher at $58.62.
The outside markets are supportive for Thursday's grain trade. The real factors driving the mostly higher early calls are the stronger overnight markets.