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, Soybean Prices Seen Higher Tuesday By: 01/27/2015 @ 7:34am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start higher. The…

Soybeans Close 10¢ Higher Monday By: 01/26/2015 @ 8:56am DES MOINES, Iowa (Agriculture.com)—On Monday, the CME Group’s soybean market is gained support…

Corn, Soybeans Seen Lower Monday By: 01/26/2015 @ 7:36am On Monday, the CME Group's corn, soybean and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Global Events Driving Monday Grain Trade
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]