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

Early calls for the grain commodities

12/29/2010 @ 7:42am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Wednesday, December 29, 2010 are lower. Corn is seen opening 2-4 cents lower, soybeans 5-7 cents lower and wheat down 2-4 cents. 

In overnight electronic trading, the March corn futures contract traded 3/4 of a cent lower at $6.22 3/4 per bushel. The March soybean futures contract traded 9 cents lower at $13.78 per bushel. The March wheat futures contract traded 3 1/4 cents lower at $7.95. For March soymeal futures, the contract traded $2.40 per short ton lower at $370.20, and March soyoil down $0.42 at $56.97.

The outside markets are mildly supportive for Wednesday's grain trade. The real factors driving the lower early calls are the lower overnight markets. Some analyst see the funds taking end-of-the-year profits the remainder of the week.  Hot/dry weather remains in the forecast for the Argentine corn/soybean crops.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Stays Up, Soybean Prices Drop By: 03/05/2015 @ 8:43am DES MOINES, Iowa (Agriculture.com)--Strong corn exports helped that market close higher, while…

Corn, Soybeans to Dip Thursday By: 03/05/2015 @ 7:12am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

Corn, Wheat End Higher By: 03/03/2015 @ 8:41am DES MOINES, Iowa (Agriculture.com)—With very choppy trading Tuesday, the CME Group corn, soybean…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Parallel linkage
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]