Early calls for corn, wheat, and soybeans
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, September 17, 2010 are higher. The early calls for corn are 8-10 cents higher, soybeans up 12-14 cents, and wheat 11-12 cents higher.
In overnight electronic trading, the Dec. corn futures contract traded 12 3/42 cents higher at $5.08 3/4 per bushel. The Nov. soybean futures contract traded 15 3/4 cents higher at $10.52 per bushel. The Dec. wheat futures contract traded 13 3/4 cents higher at $7.33. For Dec. soymeal futures, the contract traded $4.70 per short ton higher at $301.00, and Dec. soyoil up 0.402 point at $42.15.
The outside markets are highly supportive for Friday's grain trade. The real factors driving the early calls will be the sharply higher overnight grain trading.