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Corn closes sharply lower

05/24/2012 @ 9:37am

DES MOINES, Iowa (Agriculture.com)--Soybeans and wheat maintained strength throughout Thursday's trade.

The July corn futures settle 25 1/2 cents lower at $5.78, while the Dec. contract ends 9 1/2 cents lower at $5.13 1/2. The July soybean contract settled 14 cents higher $13.76 1/2, while the Nov. 2012 contract finished 19 3/4 cents higher at $12.77 1/2. The July wheat futures closed 2 cents lower at $6.63 1/2. July soyoil futures finished $0.50 higher at $49.41. The July soymeal futures settled $5.20 higher at $411.00. 
In the outside markets, the NYMEX crude oil is $0.99 per barrel higher, the dollar is higher and the Dow Jones Industrials are down 49 points.


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