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 +

USDA Data Is Friendly, Soybeans Don't… By: 12/10/2014 @ 10:14am DES MOINES, Iowa (Agriculture.com)—The strong pace of U.S. exports has encouraged the USDA to…

Pre-USDA, Markets Drop Wednesday By: 12/10/2014 @ 8:53am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, soybean and wheat…

Corn, Soybeans Seen Extending Gains By: 12/10/2014 @ 5:52am On Wednesday, 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.
The Future of Livestock Production
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]