The Early Calls for the commodities on Monday, December 10, 2012, are mostly lower. Corn is seen opening 4-6 cents lower, soybeans 1-2 cents higher, and wheat 3-5 cents lower.
In overnight trading, the March corn futures contract traded 4 cents lower at $7.32 per bushel. Jan. soybean futures traded 1 cent higher at $14.73 per bushel, and March wheat traded 4 cents lower at $8.56. For Jan. soybean meal futures, the contract traded $0.90 per short ton lower at $443.80. Jan. soybean oil futures traded $0.01 lower at $51.12.
The outside markets are unfavorable for Monday's grain trade. The real factors driving the calls will be the lower overnight markets.
