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Corn, soybean markets end higher

Updated: 11/03/2011 @ 2:05pm

DES MOINES (Agriculture.com)--With full support from outside markets and fund-buying, the CME Group corn, soybean, and wheat markets settled sharply higher Thursday.

The Dec. corn futures closed 8 1/2 cents higher at $6.53 1/2. The Jan. soybean contract ended 24 1/2 cents higher at $12.27 1/4. The Dec. wheat futures closed 12 1/2 cents higher at $6.36. The Dec. soymeal futures closed $4.00 per short ton higher at $314.50. The Dec. soyoil futures closed $1.18 higher at $52.03. 

In the outside markets, the NYMEX crude oil is $1.47 per barrel higher, the dollar is lower and the Dow Jones Industrials are up 179 points.


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