The early calls for the commodities on Tuesday, December 12, 2012, are lower. Corn is seen opening 1 to 2 cents lower, soybeans 7 to 9 cents lower, and wheat 1 to 2 cents lower.
In overnight trading, the March corn futures contract traded 1 cent lower at $7.26 per bushel. January soybean futures traded 9 cents lower at $14.63 per bushel, and March wheat traded 1 cent lower at $8.20.
For January soybean meal futures, the contract traded $2.90 per short ton lower at $445.20. January soybean oil futures traded 12 cents lower at $50.08.
The outside markets are favorable for Tuesday's grain trade. The real factors driving the calls will be the lower overnight markets.
