Early calls for the commodities
CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Tuesday, January 25, 2011 are lower. Corn is seen starting 8-9 cents lower, soybeans 10-12 lower, and wheat down 10-12 cents.
In overnight electronic trading, the March corn futures contract traded 9 3/4 cents lower at $6.45 1/2 per bushel. The March soybean futures contract traded 13 1/2 cents higher at $13.91 per bushel. The March wheat futures contract traded 14 cents higher at $8.21 1/4. For March soymeal futures, the contract traded $3.40 per short ton lower at $376.80, and March soyoil down $0.51 at $56.67.
The outside markets are not supportive for Monday's grain trade. The real factors driving the early calls will be the lower overnight trading.