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Farm markets see daylight PDF Print E-mail
Written by Mike McGinnis of Agriculture.com   
Thursday, 29 September 2011 09:36

After a week of continued sell-offs,  the CME Group's commodities prices may be primed for higher trading Thursday.

The Early Calls for commodities are higher Thursday, September 29, 2011.

The pre-opening prices for corn are 2-4 cents higher, soybeans 1-2 higher and 4-6 cents higher for wheat.

n overnight electronic trading, the Dec. corn futures contract traded 2 1/2 cents higher at $6.33 1/4 per bushel. The Nov. soybean futures contract traded 1/2 of a cent higher at $12.24 per bushel. The Dec. wheat futures contract traded 6 3/4 cents higher at $6.45 1/2. For Dec. soymeal futures, the contract traded $0.10 per short ton lower at $319.80 and Dec. soyoil $0.08 higher at $51.84.

The outside markets are supportive for Thursday's grain trade. The real factors driving the calls are the higher overnight markets.

Last Updated on Monday, 17 October 2011 14:04
 

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