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

Early calls for commodities

10/18/2011 @ 7:10am

DES MOINES, Iowa (Agriculture.com)--The Early Calls for the commodities on Tuesday, October 18, 2011, are sharply lower. 

In overnight electronic trading, the Dec. corn futures contract traded 9 1/4 cents lower at $6.31 1/4 per bushel. The Nov. soybean futures contract traded 22 3/4 cents lower at $12.30 1/4 per bushel. The Dec. wheat futures contract traded 7 1/4 cents lower at $6.17. For Dec. soymeal futures, the contract traded $4.70 per short ton lower at $318.30 and Dec. soyoil $0.93 lower at $51.97. 

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

Tom White, FutureRoad.net grain trader, says the markets will have trouble finding a solid trade pattern today. "Yesterday’s trade would appear to reinforce the view that we are in a fourth wave (corrective) technical phase. This means potential back and forth trade will continue. Stay tuned," White says.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Ends Lower, Soybeans Mixed By: 04/17/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group corn markets closed lower, soybeans…

Mixed farm markets seen Thursday By: 04/17/2014 @ 8:05am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Soybeans Close 17¢ Higher By: 04/16/2014 @ 8:46am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, wheat markets came…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather