Grains seen starting Friday higher
After a couple of bearish days in the CME Group grain pits, Friday may have a reversal in store.
Early calls for the commodities are:
- Corn: 3-5 higher
- Soybeans: 4-6 higher
- Wheat: 4-6 higher
Grain prices surged overnight, reversing from the last 2 days of downward trading. As of 6:15 AM CST, the December 2010 corn futures contract was 3 cents higher at $5.67 1/4 per bushel, while November soybeans were 4 1/4 higher at $12.05 3/4, according to a Dow Jones Newswires report. December wheat was 4 cents higher at $6.72 3/4 per bushel.