Early calls for corn, wheat, and soybeans
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, October 13, 2010 are higher. Corn is seen opening 3-5 cents higher, soybeans up 8-10 cents higher, and wheat up 3-5 cents.
In overnight electronic trading, the Dec. corn futures contract traded 4 1/4 cents higher at $5.83 1/4 per bushel. The Nov. soybean futures contract traded 12 cents higher at $11.90 1/2 per bushel. The Dec. wheat futures contract traded 5 cents higher at $7.15. For Dec. soymeal futures, the contract traded $2.40 per short ton higher at $335.50, and Dec. soyoil up $0.48 at $47.43.
The outside markets are supportive for Wednesday's grain trade. The real factors driving the higher early calls are the higher overnight markets.