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Corn, soy, wheat move higher

10/25/2011 @ 6:31am

As the outside markets remain favorable for commodities, the CME Group farm markets can expect plenty of support for a higher opening Tuesday.

The Early Calls for the commodities on Tuesday, October 25, 2011, are higher. Corn is seen opening 5-7 cents higher, soybeans 4-6 cents higher, and wheat up 3-5 cents.

In overnight electronic trading, the Dec. corn futures contract traded 6 1/2 cents higher at $6.57 1/2 per bushel. The Nov. soybean futures contract traded 5 3/4 cents higher at $12.32 1/2 per bushel. The Dec. wheat futures contract traded 3 cents higher at $6.45 1/2. For Dec. soymeal futures, the contract traded $.70 per short ton lower at $320.80 and Dec. soyoil $0.48 higher at $52.27. 

The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the higher overnight markets.

Discuss higher corn, soybeans, and wheat markets in Marketing Talk. 

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