Higher farm markets seen Thursday
The CME Group corn, soybean and wheat markets are poised to reverse their downward trend and trade higher Thursday.
The Early Calls for the commodities on Thursday, October 4, 2012, are higher. Corn is seen opening 5-7 cents higher, soybeans 15-17 cents higher, and wheat 3-5 cents higher.
In overnight trading, the Dec. corn traded 5 cents higher at $7.62. Nov. soybean futures traded 15 cents higher at $15.46 per bushel. Dec. wheat futures traded 2 3/4 cents higher at $8.75.
The outside markets are favorable for Thursday's grain trade. The real factors driving the calls will be the higher overnight markets.