Early calls for corn, wheat, and soybeans
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Tuesday, December 14, 2010 are 1-2 cents lower for corn, 2-4 cents higher for soybeans, and 2-4 cents lower for wheat.
In overnight electronic trading, the March corn futures contract traded 3/4 of a cent lower at $5.87 3/4 per bushel. The Jan. soybean futures contract traded 3 cents higher at $13.05 1/2 per bushel. The March wheat futures contract traded 4 1/2 cents lower at $7.75 3/4. For Jan soymeal futures, the contract traded $2.70 per short ton higher at $345.20, and Jan. soyoil down 0.07 at $55.38.
The outside markets are supportive for Tuesday's grain trade. The real factors driving the mostly higher early calls are the generally higher overnight grain markets.