Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, August 19, 2011 are higher. Corn, soybeans and wheat are seen opening 2-4 cents higher.
In overnight electronic trading, the Dec. corn futures contract traded 3 1/4 cents higher at $7.16 1/4 per bushel. The Nov. soybean futures contract traded 3 cents higher at $13.64 per bushel. The Sep. wheat futures contract traded 2 3/4 cents higher at $7.10 1/2. For Dec. soymeal futures, the contract traded $0.80 higher at $360.00 and Dec. soyoil $0.07 higher at $55.90.
The outside markets are mildly supportive for Friday's grain trade. The real factors driving the calls are the higher overnight markets.