eCBOT Close/Early Call
eCBOT grains closed higher overnight supported by firmer crude oil.
Wheat closed with gains of 4 1/2 to 7 1/2 cents, corn up 7 to 10 cents and soybeans 17-19 cents firmer.
A tight balance sheet for soybeans and the prospect for further US output reductions from the USDA in the months ahead are seen as supportive for beans.
Crude oil climbed above $109 a barrel on Wednesday as forecast of a drop in U.S. crude stocks this afternoon more than offset doubts about the U.S. government's financial rescue plan.
At 12 noon BST November crude was $2.49 firmer at $109.10/barrel.
Early calls for this afternoons session: Corn futures expected to open 7 to 10 higher; soybeans 15 to 20 higher; wheat 5 to 8 higher.
Wheat closed with gains of 4 1/2 to 7 1/2 cents, corn up 7 to 10 cents and soybeans 17-19 cents firmer.
A tight balance sheet for soybeans and the prospect for further US output reductions from the USDA in the months ahead are seen as supportive for beans.
Crude oil climbed above $109 a barrel on Wednesday as forecast of a drop in U.S. crude stocks this afternoon more than offset doubts about the U.S. government's financial rescue plan.
At 12 noon BST November crude was $2.49 firmer at $109.10/barrel.
Early calls for this afternoons session: Corn futures expected to open 7 to 10 higher; soybeans 15 to 20 higher; wheat 5 to 8 higher.
