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Early calls for corn, wheat, and soybeans

11/03/2010 @ 7:44am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, November 3, 2010 are higher. Wheat, corn and soybeans are seen opening 2-4 cents higher.

In overnight electronic trading, the Dec. corn futures contract traded 2 3/4 cents higher at $5.78 1/2 per bushel. The Jan. soybean futures contract traded 3 3/4 cents higher at $12.37 3/4 per bushel. The Dec. wheat futures contract traded 3 cents higher at $6.97 1/4. For Dec. soymeal futures, the contract traded $0.50 per short ton higher at $338.20, and Dec. soyoil up 0.24 at $49.87.

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

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