Home / Markets / Markets Analysis / Corn market / Corn, soybeans close higher

Corn, soybeans close higher

Updated: 11/23/2012 @ 12:38pm

DES MOINES, Iowa (Agriculture.com)--The bullish USDA's Weekly Export Sales Report helped the CME Group corn, soybean and wheat markets to close higher Friday.

At the close, the Dec. futures corn contract settled 4 cents higher at $7.45. Jan. soybean futures contract closed 10 cents higher at $14.18. Dec. wheat futures finished 2 cents higher at $8.47 per bushel. The Dec. soyoil futures contract is trading $0.49 higher at $49.32. The Jan. soymeal futures contract settled 0.70 per short ton higher at $428.60.

In the outside markets, the NYMEX crude oil is $1.22 per barrel higher, the dollar is lower and the Dow Jones Industrials are 172 points higher.

On Friday, the USDA released its Weekly Export Sales Report. For corn, USDA estimates sales at 958,600 mt vs. the trade's expectations of 250-500,000.

For soybeans, exports totaled 543,600 mt vs. the trade's expectations of 400,000-650,000.

Wheat sales are estimated at 657,400 mt vs. the trade's expectations of 200,000-450,000.

For soymeal, USDA estimated at 197,900 vs. the trade's expectations of 200,000-300,000.

CancelPost Comment

Corn Closes Slightly Higher By: 10/02/2015 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn market closed slightly…

Soybeans Close 14¢ Lower By: 10/01/2015 @ 9:01am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group's soybean market has turned…

NASS Data Helps Wheat, Soybeans Close Higher By: 09/30/2015 @ 11:16am DES MOINES, Iowa (Agriculture.com)—The U.S. corn stocks continue to build, soybean stocks drop…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Innovative Features in the New Can-Am Defender