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Grains seen starting Friday higher

Jeff Caldwell 10/22/2010 @ 7:04am Multimedia Editor for Agriculture.com and Successful Farming magazine.

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.


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