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Early calls for corn, wheat, and soybeans

09/30/2010 @ 6:59am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Thursday, September 30, 2010 are subject to the USDA's Grain Stocks Report to be released at 7:30am CST.

In overnight electronic trading, the Dec. corn futures contract traded 2  1/4 cents higher at $5.07 1/4 per bushel. The Nov. soybean futures contract traded 8 1/2 cents higher at $11.07 1/2 per bushel. The Dec. wheat futures contract traded 1 1/4 cents lower at $6.82 1/4. For Dec. soymeal futures, the contract traded $1.30 per short ton higher at $308.80, and Dec. soyoil up 0.57 point at $45.01.

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

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Markets Trade in Narrow Range