Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, June 20, 2011 are slightly higher. Corn is seen opening 1-2 cents higher, soybeans 1-2 cents higher and wheat 2-3 cents lower.
In overnight electronic trading, the July corn futures contract traded 1/2 of a cent higher at $7.00 3/4 per bushel. The July soybean futures contract traded 2 cents higher at $13.35 per bushel. The July wheat futures contract traded 2 1/4 cents lower at $6.70. For July soymeal futures, the contract traded $0.83 higher at $349.80 and July soyoil $0.02 lower at $55.90.
The outside markets are not supportive for Monday's grain trade. The real factors driving the early calls are the slightly higher overnight markets.