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 +

U.S. Corn, Soybean Conditions Weaken By: 06/29/2015 @ 3:18pm DES MOINES, Iowa (Agriculture.com)—The U.S. corn and soybean crop conditions drop for a third…

Wheat Closes 15¢ Higher Monday By: 06/29/2015 @ 8:39am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's wheat market led all…

Corn, Soybean Prices Seen Rising Monday By: 06/29/2015 @ 7:22am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start higher. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Wildlife Diversity
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]