Corn, soybean prices trend lower Monday
The CME Group corn, soybean, and wheat markets trade mostly lower Monday.
At the open, the Sept. futures corn contract is 2 cents higher at $4.94. New-crop Dec. corn futures are 1 cent lower at $4.75. The Aug. soybean futures contract is trading 4 cents lower at $13.46, and new-crop Nov. soybeans are trading 10 cents lower at $12.18. Sept. wheat futures are trading 2 cents higher at $6.53 per bushel. The Dec. soymeal futures are trading $1.60 per short ton lower at $368.30. The Dec. soyoil futures are trading 24 cents lower at $43.49.
In the outside markets, the NYMEX crude oil is 47 cents per barrel higher, the dollar is higher, and the Dow Jones Industrials are 4 points lower.