Early calls for commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Thursday, September 8, 2011 are mixed. Corn and wheat are seen opening 1-2 cents lower, and soybeans up 1-2 cents.
In overnight electronic trading, the Dec. corn futures contract traded 1 cent lower at $7.47 per bushel. The Nov. soybean futures contract traded 1 cent higher at $14.21 3/4 per bushel. The Dec. wheat futures contract traded 1/2 of a cent lower at $7.51. For Dec. soymeal futures, the contract traded $1.20 higher at $375.00 and Dec. soyoil $0.34 lower at $58.33.
The outside markets are not supportive for Thursday's grain trade. The real factors driving the calls are the mixed overnight markets.