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Corn, soybean prices end lower

Updated: 11/16/2011 @ 3:10pm

The CME Group corn, soybean and wheat markets closed lower Wednesday.

The Dec. corn futures settled 2 3/4 cents lower at $6.42 3/4. The Jan. soybean contract closed 12 1/2 cents lower at $11.87 3/4. The Dec. wheat futures ended 16 cents lower at $6.16 3/4. The Jan. soymeal futures closed $4.90 per short ton lower at $298.30. The Dec. soyoil futures closed $0.09 lower at $52.75. 

In the outside markets, the NYMEX crude oil is $2.44 per barrel higher, the dollar is higher and the Dow Jones Industrials are down 190 points.

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Shocking 11/16/2011 @ 4:04pm So shocking the cbot would knock down prices today you finally get some good export news rally a bit then the next day hit the grains down like yesterday you did us all such a big favor.

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