Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, July 15, 2011 are mostly higher. Corn is seen opening 1-2 cents higher, soybeans up 2-4 cents, and wheat 4-6 cents lower.
In overnight electronic trading, the Dec. corn futures contract traded 1 1/4 cents higher at $6.79 3/4 per bushel. The Nov. soybean futures contract traded 2 1/2 cents higher at $13.86 1/2 per bushel. The Sep. wheat futures contract traded 7 1/4 cents lower at $6.99 3/4. For Dec. soymeal futures, the contract traded $0.20 lower at $362.60 and Dec. soyoil $0.28 higher at $58.52.
The outside markets are supportive for Friday's grain trade. The real factors driving the calls are the mostly higher overnight markets.