date:Sep 18, 2012
The CME Group corn, soybean and wheat markets have significant pressure from a progressive corn harvest, bearish chart signals, and weaker exports. As a result, the open outcry trading is seen sharply lower Monday.
The Early Calls for the commodities on Monday, September 17, 2012, are lower. Corn is seen opening 12-13 cents lower, soybeans 25-27 cents lower, and wheat 12-14 cents lower.
In overnight trading, the Dec. corn futures contract traded 13 cents lower at $7.68 per bushel. November soy