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

Early calls for commodities

02/23/2011 @ 7:29am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, February 23, 2011 are sharply lower. Corn is seen opening 12-14 cents lower, soybeans 6-7 cents lower and wheat down 13-15 cents. 

In overnight electronic trading, the March corn futures contract traded 17 1/4 cents lower at $6.62 1/2 per bushel. The March soybean futures contract traded 1/2 of a cent lower at $12.97 1/2 per bushel. The March wheat futures contract traded 19 1/4 cents lower at $7.43. For March soymeal futures, the contract traded $0.40 per short ton higher at $346.90, and March soyoil $0.04 at $53.95.

The outside markets are supportive for Wednesday's grain trade. The real factors driving the sharply lower early calls are the sharply lower overnight markets.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Ends Lower, Soybeans Mixed By: 04/17/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group corn markets closed lower, soybeans…

Mixed farm markets seen Thursday By: 04/17/2014 @ 8:05am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Soybeans Close 17¢ Higher By: 04/16/2014 @ 8:46am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, wheat markets came…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather