
The Early Calls for the commodities on Tuesday, December 18, 2012, are lower. Corn is seen opening 5-7 cents lower, soybeans 18-20 cents lower, and wheat 3-5 cents lower.
In overnight trading, the March corn futures contract traded 5 cents lower at $7.18 per bushel. Jan. soybean futures traded 20 cents lower at $14.76 per bushel, and March wheat traded 3 cents lower at $8.05.
For Jan. soybean meal futures, the contract traded $7.10 per short ton lower at $448.30. Jan. soybean oil futures traded $0.27 lower at $49.52.
The outside markets are mildly favorable for Tuesday's grain trade. The real factors driving the calls will be the lower overnight markets.