Home / News / Business news / Early calls for the corn, soybean, and wheat markets

Early calls for the corn, soybean, and wheat markets

09/02/2010 @ 7:31am

CHICAGO, Illinois (Agriculture.com)--The pre-opening prices for the CME Group grain commodities for Thursday, September 2, 2010 are higher. The early calls for corn are 1-2 cents higher, soybeans 2-4 higher and wheat up 6-8 cents. 

In overnight electronic trading, the Dec. corn futures contract traded 3/4 of a cent lower at $4.46 per bushel. The Nov. soybean futures contract traded 2 cents higher at $10.07 1/2 per bushel. The Dec. wheat futures contract traded 6 3/4 cents higher at $7.15 1/2. For Dec. soymeal futures, the contract traded $1.20 per short ton higher at $294.80, and Dec. soyoil up 0.04 point at $40.16.

The outside markets are supportive for Thursday's grain trade. The real factors driving the higher early calls are the higher overnight markets.

The weekly Export Sales were bullish for corn and wheat, bearish for soybeans. 

For corn, USDA reported sales of 1.71 million metric tons, the trade expected 1-1.13 million. 

For soybeans, the weekly sales were 613,900, vs. the trade's expectation of 700-900,000.

USDA estimated U.S. wheat sales at 1.02 million metric tons vs. the trade's thoughts of 750-950,000 metric tons. 

For soymeal, USDA pegged sales at 378,400 metric tons, while the trade expected 100-200,000 metric tons. Soyoil sales were 12,300.



CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans, wheat end up double-digits By: 04/15/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group soybean market closed double-digits…

Mostly lower corn, wheat markets seen By: 04/15/2014 @ 8:03am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start mixed. The…

Soybeans, corn close higher By: 04/14/2014 @ 8:41am DES MOINES, Iowa (Agriculture.com)--With snow falling in Iowa, cold temperatures for other…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine