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Early calls for commodities

09/21/2011 @ 7:38am

DES MOINES, Iowa (Agriculture.com) The Early Calls for commodities are higher Wednesday, September 21, 2001.

With little fresh news, the CME Group farm markets are expected to start higher, following stronger overnight trading.  

The pre-opening prices for corn are seen 3-5 cents higher, soybeans 3-5 cents higher and  and wheat 1-2 cents higher. 

In overnight electronic trading, the Dec. corn futures contract traded 3 cents higher at $6.93 1/4 per bushel. The Nov. soybean futures contract traded 3 1/4 cents higher at $13.41 1/4 per bushel. The Dec. wheat futures contract traded 1/4 of a cent higher at $6.75. For Dec. soymeal futures, the contract traded $0.90 per short ton higher at $351.20 and Dec. soyoil $0.19 higher at $55.82. 

The outside markets are not supportive for Wednesday's grain trade. The real factors driving the calls are the higher overnight markets. 

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