The Early Calls for the commodities on Wednesday, September 26, 2012, are lower. Corn is seen opening 9-11 cents lower, soybeans 18-20 cents lower, and wheat 7-9 cents lower.
In overnight trading, the Dec. corn futures contract traded 9 cents lower at $7.34 per bushel. Nov. soybean futures traded 22 cents lower at $15.89 per bushel, and Dec. wheat traded 9 cents lower at $8.77. For Dec. soybean meal futures, the contract traded $4.90 per short ton lower at $483.20. Dec. soybean oil futures traded $0.89 lower at $52.64.
The outside markets are unfavorable for Wednesday's grain trade. The real factors driving the calls will be the lower overnight markets.
