Corn, soybeans close down double-digits

08/01/2013 @ 8:49am

DES MOINES, Iowa ( CME Group corn, soybean, and wheat markets continue their falling ways from last month Thursday.

The Sept. futures corn contract settled 11 cents lower at $4.87 per bushel. The Dec. corn futures contract closed 12 cents lower at $4.67. The Aug. soybean futures contract finished 16 cents lower at $13.57; new-crop Nov. soybeans ended 13 cents lower at $11.92. Sept. wheat futures finished 6 cents lower at $6.58 per bushel. The Dec. soymeal futures closed $6.00 per short ton lower at $359.20. The Dec. soyoil futures ended 22 cents higher at $42.92.

In the outside markets, the NYMEX crude oil is $2.78 per barrel higher, the dollar is higher, and the Dow Jones Industrials are 139 points higher.