Home / Markets / Markets Analysis / Corn market / Corn, soybean prices remain lower

Corn, soybean prices remain lower

02/06/2013 @ 9:36am

DES MOINES, Iowa (Agriculture.com)--A more favorable outlook for rain in South America continues to pressure the CME Group corn, soybean prices Wednesday.

At mid-day, the March futures corn contract is trading 5 cents lower at $7.25. The March soybean futures contract is trading 8 cents lower at $14.87. March wheat futures are trading 4 cents higher at $7.61 per bushel. The March soyoil futures contract is trading $0.35 lower at $52.63. The March soymeal futures are trading $2.70 per short ton lower at $435.80. 

In the outside markets, the NYMEX crude oil is $0.08 per barrel higher, the dollar is higher and the Dow Jones Industrials are 5 points higher.

A wetter forecast for the Argentine and Brazilian soybean producing regions is pressuring the markets Wednesday.

CancelPost Comment

02/06/2013 @ 2:39pm What a miracle the forecast went from dry to favorable in a day gee I wonder who rigged that up?

Report Abuse Reply
MORE FROM MIKE MCGINNIS more +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear: The Midwest frost threat is no longer a worry (through early October)…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, 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.
Farm Science Review, Day Two