Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, May 27, 2011 are mixed. Corn is seen opening flat, soybeans 5-7 cents higher, and wheat 2-4 cents lower.
In overnight electronic trading, the July corn futures contract traded steady at $7.45 1/2 per bushel. The July soybean futures contract traded 5 1/4 cents higher at $13.90 per bushel. The July wheat futures contract traded 4 1/2 cents lower at $8.10. For July soymeal futures, the contract traded $1.70 lower at $358.60 and July soyoil $0.07 higher at $58.77.
The outside markets are supportive for Friday's grain trade. The real factors driving the mixed early calls are the mostly lower overnight markets.