The Early Calls for the commodities on Tuesday, November 6, 2012, are higher. Corn is seen opening 5-7 cents higher, soybeans 13-15 cents higher, and wheat 7-9 cents higher.
In overnight trading, the Dec. corn futures contract traded 5 cents higher at $7.40 per bushel. January soybean futures traded 13 3/4 cents higher at $15.17 per bushel, and Dec.
wheat traded 7 3/4 cents higher at $8.73. For Dec. soybean meal futures, the contract traded $3.70 per short ton higher at $472.70. Dec. soybean oil futures traded $0.44 higher at $48.76.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the higher overnight markets.
