Home / Markets / Markets Analysis / Corn market / Corn prices end mixed

Corn prices end mixed

Updated: 06/28/2012 @ 3:52pm

DES MOINES, Iowa (Agriculture.com)--The CME Group corn market finished mixed, while soybeans end lower Thursday.

The July corn futures settled 2 1/2 cents higher at $6.52, while the Dec. contract finished 3/4 of a cent lower at $6.32 1/2. The July soybean contract finished 5 cents lower $14.66, while the Nov. 2012 contract finished 8 1/2 cents lower at $14.03 1/2. The July wheat futures finished 6 cents lower at $7.26. July soyoil futures finished $0.44 lower at $50.92. The July soymeal futures finished $1.40 lower at $426.60. 
In the outside markets, the NYMEX crude oil is $1.74 per barrel lower, the dollar is higher and the Dow Jones Industrials are 24 points lower.

Jack Scoville, PRICE Futures Group vice president, says it was a crazy trading day, with people back and forth.  

"We are in the process of digesting a lot of stuff.  Today, the health care ruling is out and causing macro changes that affect grains and the dollar. Plus, the market saw weak export sales, again today," Scoville says.  

Tomorrow, the market will trade the end-of-month, end-of-quarter and the USDA data, he says.  

"Plus, different forecasts for the weather with the European model hot and dusty and the US model wetter and cooler. But still, the U.S. forecast shows areas of risk," Scoville says.  So, there is a lot going on and a lot of trading back and forth, depending on how you feel about things."

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