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CHICAGO, Illinois (Agriculture Online)--Just as they started, the CBOT markets closed mostly lower, pressured by outside markets Friday.
The CBOT March corn futures closed 3 3/4 cents lower at $4.07 per bushel. The Jan soybean contract ended 5 1/2 cents higher at $10.50 1/4 per bushel. The March wheat futures settled 3 1/4 cents lower at $5.80 3/4. The Jan soymeal futures closed $1.00 lower at $310.10 per short ton, and soyoil 26 points higher at $40.15.
In the outside markets, the NYMEX crude oil market is $0.98 lower, the dollar higher, and the Dow is 21 points lower.
"Soybean prices came back at the close to end higher, as did oil, but the rest of the floor finished lower, roughly the way we had been much of the session," says Vic Lespinasse Grainanalyst.com.
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