Home / Markets / Markets Analysis / Corn market / Early calls for the corn, soybean, and wheat markets

Early calls for the corn, soybean, and wheat markets

Agriculture.com Staff Updated: 07/30/2010 @ 8:38am

Grain futures on the CME Group floor are expected to continue the rally that closed out Thursday's session when the opening bell rings in Chicago Friday morning. Early calls for the commodities are corn 3-5 cents higher, soybeans up 4-6 cents and wheat 8-10 cents higher, according to private sources.

As of 6:15 AM CDT, in overnight electronic trading, the September and December CME Group corn futures contracts were both 3 cents per bushel higher at $3.79 1/4 and $3.93 3/4 per bushel, respectively. August soybeans were 5 3/4 cents higher at $10.26 3/4 per bushel, while September wheat was 9 1/2 cents higher at $6.27 1/2 per bushel. See more from the overnight trade.

The wheat trade -- fueled by drought worries in Russia -- will likely be the driver through Friday's trade, one trader says. And, look for more volatility to build. "Things truly could be just revving up here in the wheat options," the trader told Marketeye late Thursday.  "Look for two-sided trade to possibly creep into the picture now that we got the volatility uptick that so many were waiting for."

CancelPost Comment

USDA Drops Soybean Stocks, Raises Corn By: 09/30/2015 @ 11:05am The USDA has released the latest Grain Stocks Report, which shows corn stocks are up 41% from…

Brazil Plants Its Most Expensive Soybean… By: 09/29/2015 @ 11:44am As October begins, it is ushering in more currency volatility for Brazilian farmers that are…

3 Big Things Today, Sept. 22 By: 09/22/2015 @ 7:13am Corn, Soybeans Likely to Stay LowerFutures fell overnight and likely will trader lower today after…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Innovative Features in the New Can-Am Defender