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

Early calls for commodities

10/11/2011 @ 6:44am

DES MOINES, Iowa (Agriculture.com)--The Early Calls for the commodities are mostly higher for Tuesday, October 11, 2011.

With less support from the outside markets and positioning ahead of Wednesday's USDA Reports, the CME Group farm markets may see mixed trading today.

In overnight electronic trading, the Dec. corn futures contract traded 3 1/4 cents lower at $6.01 3/4 per bushel. The Nov. soybean futures contract traded 9 1/4 cents higher at $11.86 3/4 per bushel. The Dec. wheat futures contract traded 3 1/4 cents higher at $6.14 3/4. For Dec. soymeal futures, the contract traded $1.80 per short ton higher at $310.30 and Dec. soyoil $0.23 higher at $50.34. 

The outside markets are mildly supportive for Tuesday's grain trade. The real factors driving the calls are the mostly higher overnight markets.

Also Tuesday, the USDA will release its weekly Crop Progress Report. The trade expects corn to be 33%-37% harvested, with a similar range in soybeans. Winter wheat planting should be near 50-55% completed.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

All Farm Markets Close Lower By: 08/29/2014 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the…

Farm Markets Rally Thursday By: 08/28/2014 @ 8:48am DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean, and wheat markets closed higher…

Farm Markets Seen Higher Thursday By: 08/28/2014 @ 6:41am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Holiday Profit Taking Pressures Markets