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

Early calls for commodities

10/21/2011 @ 6:36am

With follow-through from the overnight markets, combined with continued buying, the CME Group farm futures look to trade higher Friday. 

The Early Calls for the commodities on Friday, October 21, 2011, are higher. Corn is seen opening 5-7 cents higher, soybeans 4-6 cents higher, and wheat up 3-5 cents.

In overnight electronic trading, the Dec. corn futures contract traded 5 1/2 cents higher at $6.55 per bushel. The Nov. soybean futures contract traded 4 3/4 cents higher at $12.29 3/4 per bushel. The Dec. wheat futures contract traded 3 cents higher at $6.33 3/4. For Dec. soymeal futures, the contract traded $1.60 per short ton higher at $321.90 and Dec. soyoil $0.18 higher at $51.57. 

The outside markets are mostly unfavorable for Friday's grain trade. The real factors driving the calls will be the higher overnight markets.



Discuss farmers selling or storing grain in Marketing Talk. 


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