Home / Markets / Markets Analysis / Corn market / Early calls for corn, wheat, and soybeans

Early calls for corn, wheat, and soybeans

12/10/2010 @ 6:56am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, December 10, 2010 are subject to this morning's USDA December Supply/Demand Report. The governmental agency will release the report at 7:30am CST. Based on overnight markets alone, corn is seen 3-4 cents higher, soybeans 5-8 cents higher, and wheat 5-7 higher.

In overnight electronic trading, the March corn futures contract traded 4 cents higher at $5.78 1/4 per bushel. The Jan. soybean futures contract traded 5 1/4 cents higher at $12.86 1/4 per bushel. The March wheat futures contract traded 7 3/4 cents higher at $7.96 1/4. For Jan soymeal futures, the contract traded $1.80 per short ton higher at $342.50, and Jan. soyoil up 0.16 at $54.31.

The outside markets are supportive for Friday's grain trade. The real factors driving the higher early calls are the higher overnight grain markets and an anticipated bullish USDA report. 

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close Day, Month On A Rally By: 10/31/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)—A buying frenzy, at the close Friday, pushed up the CME Group…

Lower Farm Markets Seen For Friday By: 10/31/2014 @ 8:13am On Friday, the CME Group's corn, soybean and wheat markets are expected to start…

Soybeans Close 18¢ Lower By: 10/30/2014 @ 8:47am DES MOINES, Iowa (Agriculture.com)—The CME Group farm markets close lower Thursday.At the close…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Looking Out for Soybean Cyst Nematodes