Home / Markets / Markets Analysis / Corn market / Corn closes higher

Corn closes higher

Updated: 06/06/2013 @ 1:55pm

DES MOINES, Iowa (Agriculture.com)--New-crop contracts maintained their strength to close higher Thursday. Meanwhile, the old-crop soybean market finished lower.

The the July futures corn contract settled 3 cents higher at $6.63. New-crop Dec. futures finished 6 cents higher at $5.48. The July soybean futures contract ended 5 cents lower at $15.27, new-crop Nov. soybeans finished 6 cents higher at $13.05. July wheat futures finished 4 cents lower at $6.97 per bushel. The July soymeal futures settled $1.90 per short ton lower at $454.00. The July soyoil futures closed $0.14 lower at $48.16.
In the outside markets, the NYMEX crude oil is $0.95 per barrel higher, the dollar is lower and the Dow Jones Industrials are 6 points lower.

Jack Scoville, PRICE Futures Group analyst, says the farm markets relied on the 'outside' markets for direction.

"Been a weird day and I am not sure exactly what the story is.  I think a lot of the price action is related to the outside markets more than anything that has to do with corn, wheat and soybeans," Scoville says.

CancelPost Comment

2016 Basis Prices Vary Widely Depending on… By: 11/25/2015 @ 2:24pm This marketing year, farmers who are looking to pick up a few more cents per bushel for their corn…

Soybeans Close 11¢ Higher Wednesday By: 11/25/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the bulls stole the feast from the bears, with…

Soybeans, Corn End Lower Tuesday By: 11/24/2015 @ 8:50am DES MOINES, Iowa (Agriculture.com)-- On Tuesday, the CME Group's corn, soybean and wheat…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter