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Corn, soybean prices drop Friday

07/12/2013 @ 9:03am

DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group corn, soybean and wheat markets started lower.

In early trading, the Sept. futures corn contract is 8 cents lower at $5.52. New-crop Dec. corn futures are 8 cents lower at $5.18. The Aug. soybean futures contract is trading 12 cents lower at $14.60, new-crop Nov. soybeans are trading 13 cents lower at $12.77.  Sept. wheat futures started 1 cent higher at $6.83 per bushel. The Aug. soymeal futures are trading $3.00 short ton lower at $455.00. The Aug. soyoil futures are trading $0.34 lower at $46.19.

In the outside markets, the NYMEX crude oil is $0.32 per barrel higher, the dollar is lower and the Dow Jones Industrials are 3 points higher.

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