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Early calls higher on crop-stressing weather
Jeff Caldwell
12/21/2010 @ 8:25am
Multimedia Editor for Agriculture.com and Successful Farming magazine.
Crop-stressing weather has the full attention of the grain markets, which again saw sustained strength in the overnight trade leading up to Tuesday.
Early calls are corn 1-3 higher, soybeans 2-4 higher and wheat 2-4 higher, according to private sources.
Weather conditions -- namely drought -- in some key growing regions remains a big driver of the higher prices. And, with light trading volume between now and Christmas, prices look to remain underpinned by this factor through this week, according to a Dow Jones Newswires report.
