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Early calls: Grains up on pre-USDA report positioning

Agriculture.com Staff Agriculture.com Staff 10/07/2010 @ 9:03am

Ahead of Friday's USDA Crop Production report, the CME Group grains are expected to open Thursday's trade higher.

Early calls are 4-6 higher for corn, 8-10 higher for soybeans and 6-9 higher for wheat, according to private sources. 

In overnight trading, the nearby corn futures contract traded 5 1/4 cents higher to $4.93 3/4 per bushel, while nearby soybeans were 9 1/2 cents higher at $10.71 1/2, according to Barchart.com data. Nearby wheat traded 7 1/2 cents higher to $6.65 3/4 per bushel.


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