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Grains called to open Thursday higher

Jeff Caldwell 10/21/2010 @ 7:10am Multimedia Editor for Agriculture.com and Successful Farming magazine.

Wednesday's strength in the CME Group grain pits is expected to spill over into Thursday, sources say.

Early calls for the commodities are:

  • Corn: 2-4 higher
  • Soybeans: 9-11 higher
  • Wheat: 4-6 higher

In overnight trading as of 6:15 AM CST, the December 2010 corn futures contract was $5.75 1/4 per bushel, up 1 3/4 cents, while December wheat was 3 1/2 cents higher at $6.86 1/2, according to Dow Jones Newswires. November soybeans were 9 cents higher at $12.21 per bushel, while December soybean oil and meal were both higher (0.45 cents/pound at 48.90 and $0.80 per ton at $338.60, respectively).




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