Early calls for corn, wheat, and soybeans
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, December 6, 2010 are mostly lower. Corn is seen opening 2-4 cents lower, soybeans 1-2 cents lower and wheat up 6-8 cents.
In overnight electronic trading, the March corn futures contract traded 4 1/2 cents lower at $5.69 per bushel. The Jan. soybean futures contract traded 2 3/4 cents lower at $13.04 1/4 per bushel. The March wheat futures contract traded 8 3/4 cents higher at $7.87 3/4. For Jan soymeal futures, the contract traded $0.20 per short ton lower at $349.60, and Jan. soyoil up 0.34 at $53.79.
The outside markets are not supportive for Monday's grain trade. The real factors driving the mostly lower early calls are the weaker markets.