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Early calls for corn, wheat, and soybeans

09/24/2010 @ 8:00am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, September 24, 2010 are higher. The early calls for corn are 3-5 cents higher, soybeans 7-9 cents higher, and wheat 7-9 cents higher.

In overnight electronic trading, the Dec. corn futures contract traded 5 cents higher at $5.04 1/4 per bushel. The Nov. soybean futures contract traded 9 1/4 cents higher at $11.02 3/4 per bushel. The Dec. wheat futures contract traded 9 1/4 cents higher at $7.06 1/2. For Dec. soymeal futures, the contract traded $1.30 per short ton higher at $310.80, and Dec. soyoil up 0.30 point at $44.20.

The outside markets are supportive for Friday's grain trade. The real factors driving the higher early calls are the higher overnight markets. 

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