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

Early calls for commodities

05/10/2011 @ 7:44am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Tuesday, May 10, 2011 are higher. Corn is seen opening 6-7 cents higher, soybeans 6-8 cents higher, and wheat opening 12-13 cents higher. 

In overnight electronic trading, the July corn futures contract traded 6 cents higher at $7.13 1/2 per bushel. The July soybean futures contract traded 7 3/4 cents higher at $13.42 3/4 per bushel. The July wheat futures contract traded 15 3/4 cents higher at $8.06 1/4. For July soymeal futures, the contract traded $2.20 higher at $352.60 and July soyoil $0.26 higher at $56.55.

The outside markets are not supportive for Tuesday's grain trade. The real factors driving the higher early calls are the stronger overnight markets.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm Low prices cure low prices: Once the prices hit a certain low, the buyers of grain step in and…

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

Corn, Soybeans to Move Lower Friday By: 07/25/2014 @ 7:41am 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.
New 6631 Sunflower Vertical Tillage System