Home / Markets / Markets Analysis / Corn market / Corn ends lower, soybeans higher

Corn ends lower, soybeans higher

04/02/2013 @ 9:47am

DES MOINES, Iowa (Agriculture.com)--The higher start was unsustainable for the CME Group corn market. But, soybeans and wheat finished higher Tuesday.

The May futures corn contract closed 3/4 of a cent lower at $6.41. The May soybean futures contract finished 3 cents higher at $13.94. May wheat futures closed 9 cents higher at $6.73 per bushel. The May soymeal futures closed $1.50 per short ton lower at $417.80. The May soyoil futures closed $0.01 higher at $50.44.
In the outside markets, the NYMEX crude oil is $0.08 per barrel lower, the dollar is higher and the Dow Jones Industrials are 77 points higher.

Tim Hannagan, Alpari (U.S.) LLC senior grain analyst, says the market is having a tough time with rallies.

"We started the day with 'turn around Tuesday' or profit taking from Monday's big break. Traders still want to sell rallies, ahead of next Wednesday's USDA monthly crop report. That Report is expected to show last Thursday's quarterly stocks increase to the ending stocks."


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Soybeans Seen Mixed Wednesday By: 09/17/2014 @ 7:45am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start…

Corn Settled Slightly Higher By: 09/16/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean, and wheat…

USDA: Corn Harvest Is 4% Complete By: 09/15/2014 @ 3:40pm As expected, the U.S. corn and soybean crop condition ratings have been left unchanged from a week…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Nutrient Management by Manure Sampling