However, the closer the time gets towards the opening bell, the farm markets appear to be turning mixed, despite a higher overnight.
The Early Calls for the commodities on Tuesday, September 11, 2012, are higher. Corn is seen opening 2-4 cents higher, soybeans 1-2 cents higher, and wheat 2-4 cents higher.
In overnight trading, the Dec. corn futures contract traded 3 1/2 cents higher at $7.86 per bushel. November soybean futures traded traded unchanged at $17.18 per bushel, and Dec. wheat traded 2 cents higher at $8.91 3/4. For Dec. soybean meal futures, the contract traded $0.90 per short ton higher at $520.30. Dec. soybean oil futures traded $0.05 lower at $56.51.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the higher overnight markets.
