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CME Group grain markets close higher

Updated: 09/02/2010 @ 3:46pm

CHICAGO, Illinois (Agriculture.com)--At mid-session, the CME Group grain markets trade mostly lower, wheat remains higher Thursday.

At mid-session, the Dec corn futures are 1 3/4 cents lower at $4.45. The Nov. soybean contract is 2 1/2 cents lower at $10.03. The Dec. wheat futures are 8 3/4 cents higher at $7.17 1/2. The Dec. soymeal futures are $0.40 per short ton lower at $293.20. The Dec. soyoil futures are 9 points lower at $40.03.

In the outside markets, the NYMEX crude oil is $0.03 per barrel lower, the dollar is lower, and the Dow Jones Industrials are up 4 points.

Tim Hannagan, PFGBest.com senior analyst, says that after a mostly higher opening the markets have given back gains. "The markets jumped early off bullish weekly export sales report numbers released prior the open. But, selling off the high has moderate losses an hour and a half into trading as more traders lighten up their book and risk ahead of the long three day holiday weekend. The CME Group markets are closed Monday."



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