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

Early calls for the grain commodities

Updated: 01/20/2011 @ 9:44am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Tuesday, December 28, 2010 are higher. Corn is seen opening 2-4 cents higher, soybeans 5-7 cents higher and wheat up 6-8 cents. 

In overnight electronic trading, the March corn futures contract traded 2 1/2 cents higher at $6.17 1/4 per bushel. The Jan. soybean futures contract traded 5 3/4 cents higher at $13.78 3/4 per bushel. The Dec. wheat futures contract traded 6 1/2 cents higher at $7.86 3/4. For Jan. soymeal futures, the contract traded $1.20 per short ton higher at $367.60, and Jan. soyoil up $0.05 at $57.20.

The outside markets are supportive for Tuesday's grain trade. The real factors driving the higher early calls are the higher overnight markets and a hot/dry weather forecast for the Argentine corn/soybean crops.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

USDA: Corn, Soybean Crop Conditions Sputter By: 08/31/2015 @ 4:00pm The condition of the U.S. corn crop is having a tough time moving forward, according to the USDA…

Corn, Soybeans End Higher Monday By: 08/31/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's soybean market turnaround…

Corn, Soybeans Seen Lower Monday By: 08/31/2015 @ 6:21am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
John Deere High Capacity Nutrient Applicator
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]