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

Early calls for commodities

05/06/2011 @ 7:36am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Friday, May 6, 2011 are lower. Corn is seen opening 12-14 cents higher, soybeans 3-5 cents lower, and wheat opening 1-2 cents lower. 

In overnight electronic trading, the July corn futures contract traded 15 1/4 cents lower at $6.93 1/2 per bushel. The July soybean futures contract traded 5 1/2 cents lower at $13.16 1/4 per bushel. The July wheat futures contract traded 1 1/4 cents lower at $7.52 3/4. For July soymeal futures, the contract traded $0.50 lower at $347.00, and July soyoil $0.41 lower at $55.32.

The outside markets are not supportive for Friday's grain trade. The real factors driving the lower early calls are the weaker overnight markets.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Wheat Prices Gain Strength Friday By: 03/27/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)—On Friday, the CME Group wheat market closed higher on a lack…

Corn, Soybean Markets Seen Lower Friday By: 03/27/2015 @ 7:39am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Corn, Soybeans Ended Lower Thursday By: 03/26/2015 @ 9:05am DES MOINES, Iowa (Agriculture.com)—On Thursday, the CME Group corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]