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

Early calls for the corn, soybean, and wheat markets

09/02/2010 @ 7:33am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Thursday, September 2, 2010 are higher. The early calls for corn are 1-2 cents higher, soybeans 2-4 higher and wheat up 6-8 cents. 

In overnight electronic trading, the Dec. corn futures contract traded 3/4 of a cent lower at $4.46 per bushel. The Nov. soybean futures contract traded 2 cents higher at $10.07 1/2 per bushel. The Dec. wheat futures contract traded 6 3/4 cents higher at $7.15 1/2. For Dec. soymeal futures, the contract traded $1.20 per short ton higher at $294.80, and Dec. soyoil up 0.04 point at $40.16.

The outside markets are supportive for Thursday's grain trade. The real factors driving the higher early calls are the higher overnight markets.

The weekly USDA Export Sales announced Thursday were bullish for corn and wheat, bearish for soybeans. For corn, USDA reported sales of 1.71 million metric tons, the trade expected 1-1.13 million. For soybeans, the weekly sales were 613,900, vs. the trade's expectation of 700-900,000. USDA estimated U.S. wheat sales at 1.02 million metric tons vs. the trade's thoughts of 750-950,000 metric tons. For soymeal, USDA pegged sales at 378,400 metric tons, while the trade expected 100-200,000 metric tons. Soyoil sales were 12,300.



CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans To Edge Higher Thursday By: 09/18/2014 @ 7:40am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mixed. The…

Corn Closes Lower, Soybeans Higher By: 09/17/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean and wheat markets have…

Corn Soybeans Seen Mixed Wednesday By: 09/17/2014 @ 7:45am On Wednesday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Science Review, Day Two