Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, June 17, 2011 are higher. Corn is seen opening 10-12 cents higher, soybeans 4-6 cents higher and wheat 8-10 cents higher.
In overnight electronic trading, the July corn futures contract traded 11 1/2 cents higher at $7.13 per bushel. The July soybean futures contract traded 5 cents higher at $13.55 1/2 per bushel. The July wheat futures contract traded 6 3/4 cents higher at $6.80. For July soymeal futures, the contract traded $2.90 higher at $356.60 and July soyoil $0.03 higher at $56.35.
The outside markets are mildly supportive for Friday's grain trade. The real factors driving the stronger early calls are the higher overnight markets.