Home / Markets / Markets Analysis / Corn market / Early calls for commodities

Early calls for commodities

01/11/2011 @ 7:18am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Tuesday, January 11, 2011 are higher. Corn, soybeans and wheat are seen opening 2-4 cents higher.

In overnight electronic trading, the March corn futures contract traded 1 1/2 cents higher at $6.08 1/2 per bushel. The March soybean futures contract traded 1 1/4 cents higher at $13.81 3/4 per bushel. The March wheat futures contract traded 2 1/4 cents higher at $7.69 1/2. For March soymeal futures, the contract traded $0.50 per short ton lower at $370.10, and March soyoil up $0.06 at $57.19.

The outside markets are supportive for Tueaday's grain trade. The real factors driving the higher early calls are the higher overnight markets. Traders will be hesitant to trade too much today, ahead of Wednesday's USDA Crop Production and the January Supply/Demand Reports at 7:30am CST. 

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

Grains, Soybeans Mixed to Close Thursday By: 07/02/2015 @ 8:56am Grains and soybeans were mixed to close the day Thursday. At the open, the September corn…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Wildlife Diversity
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]