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 +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear. The Midwest frost threat is no longer a worry, through early October…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Improving Soil Health