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Corn, soybeans close lower

Updated: 06/01/2012 @ 1:46pm

DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean and wheat markets closed right where they started--lower Friday. 

The July corn futures settled 4 1/4 cents lower at $5.51, while the Dec. contract closed 12 cents lower at $5.10. The July soybean contract finished 1 cent higher $13.41, while the Nov. 2012 contract settled 13 cents lower at $12.57. The July wheat futures closed 31 1/4 cents lower at $6.12 1/2. July soyoil futures finished down $0.67 at $48.53. The July soymeal futures closed $0.50 lower at $394.00. 
In the outside markets, the NYMEX crude oil is $3.34 per barrel lower, the dollar is lower and the Dow Jones Industrials are down 228 points.

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