Mixed grain prices seen
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, August 16, 2010 are mixed. The early calls for corn are 1-2 cents higher, soybeans down 2-4 cents and wheat mixed.
In overnight electronic trading, the Dec. corn futures contract traded 1 cent higher at $4.28 1/4 per bushel. The Nov. soybean futures contract traded 3 cents lower at $10.41 per bushel. The Sep. wheat futures contract traded even at $7.34 1/4. For Dec. soymeal futures, the contract traded $0.10 per short ton higher at $296.80, and Dec. soyoil down 0.38 point at $42.76.
The outside markets are supportive for Monday's grain trade. The real factor driving the mixed early calls are the mixed overnight markets.