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

Early calls for commodities

07/25/2011 @ 7:42am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Monday, July 25, 2011 are lower on U.S. debt concerns and a lack of fresh bullish news. Corn is seen opening 5-7 cents lower, soybeans down 8-10 cents, and wheat 5-7 cents lower. 

In overnight electronic trading, the Dec. corn futures contract traded 8 cents lower at $6.77 1/2 per bushel. The Nov. soybean futures contract traded 12 1/4 cents lower at $13.76 per bushel. The Sep. wheat futures contract traded 7 1/4 cents lower at $6.85. For Dec. soymeal futures, the contract traded $4.30 lower at $365.00 and Dec. soyoil $0.46 lower at $57.02. 

The outside markets are not supportive for Monday's grain trade. The real factors driving the calls are the lower overnight markets. With nine days for the U.S. to meet a debt default or downgrade, investors are unwilling to take risks. 


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