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Early calls for commodities

07/01/2011 @ 7:35am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, July 1, 2011 are sharply mixed. Corn is seen opening 35-37 cents lower, soybeans 12-14 cents higher and wheat 1-2 cents higher. 

In overnight electronic trading, the Dec. corn futures contract traded 35 3/4 cents lower at $5.84 3/4 per bushel. The Nov. soybean futures contract traded 11 1/2 cents higher at $13.05 1/2 per bushel. The Sep. wheat futures contract traded 1 1/2 cents higher at $6.15 3/4. For Dec. soymeal futures, the contract traded $4.30 higher at $335.20 and Dec. soyoil $0.01 lower at $56.14.

The outside markets are not supportive for Friday's grain trade. The real factors driving the calls are the mixed overnight markets. 

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