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

Early calls for commodities

10/04/2011 @ 7:46am

DES MOINES, Iowa (Agriculture.com)--The Early Calls for the commodities are sharply lower for Tuesday, October 4, 2011.

Much like yesterday, Tuesday's CME Group grain and soybean markets will start sharply lower.

Greece's admission of missed deficit reduction targets sent the Dow Jones Industrial Average stocks plunging, to start the fourth quarter Monday. Those worries continue today. 

In overnight electronic trading, the Dec. corn futures contract traded 9 1/2 cents lower at $5.83 per bushel. The Nov. soybean futures contract traded 10 1/4 cents lower at $11.67 1/4 per bushel. The Dec. wheat futures contract traded 9 1/2 cents lower at $6.10. For Dec. soymeal futures, the contract traded $1.90 per short ton lower at $305.10 and Dec. soyoil $0.50 lower at $49.50. 

The outside markets are not supportive for Tuesday's grain trade. The real factors driving the calls are the sharply lower overnight markets.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans, Wheat Close Double-Digits Lower By: 07/29/2014 @ 3:12pm On Tuesday, the CME Group soybean market took back some of the gains from yesterday.At the close…

China Corn Ban Frustrates U.S. Industry By: 07/29/2014 @ 2:29pm How can the U.S. regain the China corn import market? That's the question asked and topic…

Farmers Are Urged to Adopt Conservation… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101