Early calls for corn, wheat, and soybeans
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, October 6, 2010 are mixed. Corn is seen opening 1-2 cents higher to 1-2 lower, soybeans 1-2 lower, and wheat 1-2 cents higher.
In overnight electronic trading, the Dec. corn futures contract traded 3/4 of a cent lower at $4.90 1/4 per bushel. The Nov. soybean futures contract traded 1 cent lower at $10.70 3/4 per bushel. The Dec. wheat futures contract traded 1 cent higher at $6.64 1/2. For Dec. soymeal futures, the contract traded $1.50 per short ton lower at $297.80, and Dec. soyoil up $0.18 at $44.00.
The outside markets are not supportive for Wednesday's grain trade. The real factors driving the mixed early calls are the slightly lower overnight markets.