With unfriendly outside markets and lower overnight grain trade, the CME Group corn, soybean and wheat markets will start the week's day-trading sessions lower Monday.
The Early Calls for the commodities on Monday, November 21, 2011, are lower. Corn, soybeans and wheat are seen opening 8-11 cents lower.
In overnight electronic trading, the Dec. corn futures contract traded 9 cents lower at $6.01 1/4 per bushel. The Jan. soybean futures contract traded 11 cents lower at $11.57 1/4 per bushel. The Dec. wheat futures contract traded 8 1/4 cents lower at $5.90. For Jan. soymeal futures, the contract traded $5.50 per short ton lower at $294.80 and Dec. soyoil $0.49 lower at $50.39.
The outside markets are unfavorable for Monday's grain trade. The real factors driving the calls will be the lower overnight markets.
Discuss the corn, soybean and wheat markets for Thanksgiving week in Marketing Talk.








