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

Early calls for commodities

01/31/2011 @ 7:43am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, January 31, 2011 are sharply higher. Corn is seen opening 5-7 cents higher, soybeans 9-10 higher and wheat up 10-11 cents. 

In overnight electronic trading, the March corn futures contract traded 6 1/2 cents higher at $6.50 1/2 per bushel. The March soybean futures contract traded 9 1/2 cents higher at $14.07 1/2 per bushel. The March wheat futures contract traded 12 cents higher at $8.37 3/4. For March soymeal futures, the contract traded $0.90 per short ton higher at $377.90, and March soyoil up 0.54 at $57.81.

The outside markets are supportive for Monday's grain trade. The real factors driving the higher early calls are the strong overnight markets and a lower trading U.S. Dollar. Egypt's protests continue to underpin the commodities markets. 

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Farmers Are Urged to Adopt Conservation… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101