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Early calls for commodities

09/16/2011 @ 7:12am

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. 


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