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

Early calls for the commodities

01/24/2011 @ 7:25am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, January 24, 2011 are higher. Corn is seen starting 2-4 cents higher, soybeans 5-7 higher, and wheat up 10-12 cents.

In overnight electronic trading, the March corn futures contract traded 2 1/2 cents higher at $6.59 3/4 per bushel. The March soybean futures contract traded 7 3/4 cents higher at $14.20 per bushel. The March wheat futures contract traded 11 cents higher at $8.35 1/2. For March soymeal futures, the contract traded $2.50 per short ton higher at $382.10, and March soyoil up $0.59 at $58.15.

The outside markets are not supportive for Monday's grain trade. The real factors driving the early calls will be the higher overnight trading. 

Weekend weather in Argentina was hot and dry, according to weather reports. Argentina's major soybean producing regions are expected to get some relief this week, with rain put into the forecast after today.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Wheat Prices Gain Strength Friday By: 03/27/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)—On Friday, the CME Group wheat market closed higher on a lack…

Corn, Soybean Markets Seen Lower Friday By: 03/27/2015 @ 7:39am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Corn, Soybeans Ended Lower Thursday By: 03/26/2015 @ 9:05am DES MOINES, Iowa (Agriculture.com)—On Thursday, the CME Group corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]