A roaring start for 2012 grains
For the first trading day of 2012, the CME Group corn, soybean and wheat prices are expected to trade sharply higher.
The Early Calls for the commodities on Tuesday, January 3, 2012, are bullish. Corn is seen opening 10-20 cents higher, soybeans 20-30 cents higher, and wheat 10-15 cents higher.
Due to the New Year holiday, the electronic grain markets did not trade overnight.
The outside markets are very favorable for Tuesday's grain trade. The real factors driving the calls will be the friendly outside markets and continued drought-like weather in Argentina and southern Brazil.