Early calls for commodities
DES MOINES, Iowa (Agriculture.com)--The Early Calls for the commodities are sharply higher for Monday, October 10, 2011.
France and Germany's announcement to help the Eurozone secure a bailout by the end of the month has underpinned all markets.
In overnight electronic trading, the Dec. corn futures contract traded 11 1/2 cents higher at $6.11 1/2 per bushel. The Nov. soybean futures contract traded 25 1/2 cents higher at $11.83 3/4 per bushel. The Dec. wheat futures contract traded 14 1/4 cents higher at $6.21 3/4. For Dec. soymeal futures, the contract traded $4.80 per short ton higher at $309.10 and Dec. soyoil $0.91 higher at $50.23.
The outside markets are all supportive for Monday's grain trade. The real factors driving the calls are the sharply higher overnight markets.