Early calls for commodities
DES MOINES, Iowa (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, September 16, 2011 are higher. Corn, soybeans and wheat are seen opening 4-8 cents higher.
In overnight electronic trading, the Dec. corn futures contract traded 4 cents higher at $7.05 per bushel. The Nov. soybean futures contract traded 6 1/4 cents higher at $13.65 per bushel. The Dec. wheat futures contract traded 5 1/2 cents higher at $7.01 1/2. For Dec. soymeal futures, the contract traded $2.20 per short ton lower at $356.20 and Dec. soyoil $0.30 higher at $56.85.
The outside markets are not supportive for Friday's grain trade. The real factors driving the calls are the higher overnight markets.