Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, June 15, 2011 are mostly higher. Corn is seen opening 4-6 cents lower, soybeans and wheat 1-2 cents higher.
In overnight electronic trading, the July corn futures contract traded 4 3/4 cents lower at $7.50 3/4 per bushel. The July soybean futures contract traded 1/2 of a cent higher at $13.68 1/2 per bushel. The July wheat futures contract traded 1/2 of a cent higher at $7.31 3/4. For July soymeal futures, the contract traded $0.20 lower at $358.50 and July soyoil $0.22 higher at $57.07.
The outside markets are not supportive for Wednesday's grain trade. The real factors driving the mostly higher early calls are the slightly higher overnight markets.