A stronger overnight trade along with favorable outside markets is setting up a sharply higher CME Group corn, soybean and wheat day session Friday. 

The Early Calls for the commodities on Friday, March 23, 2012, are higher. 

Corn is seen opening 6-8 cents higher, soybeans 13-15 cents higher and wheat 3-5 cents higher.

In overnight trading, the July corn futures contract traded 6 1/4 cents higher at $6.49 per bushel. July soybean futures traded 16 cents higher at $13.72 3/4 per bushel, and July wheat traded 4 cents higher at $6.59 1/2. For July soybean meal futures, the contract traded $0.30 per short ton higher at $374.10. July soybean oil futures traded $0.81 higher at $55.18.

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

Discuss the corn, soybean and wheat markets in Marketing Talk.