date:Oct 19, 2012
December wheat traded 6 cents higher at $8.62. For December soybean meal futures, the contract traded $4.50 per short ton higher at $459.20. December soybean oil futures traded 47 cents higher at $51.50.
The outside markets are unfavorable for Thursday's grain trade. The real factors driving the calls will be the higher overnight markets.
EXPORT SALES
On Thursday, the USDA released a bearish Weekly Export Sales Report for corn and soybeans.
For U.S. corn sales, as of Sunday, USDA estimates