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Corn, soybeans close lower

09/30/2013 @ 2:36pm

DES MOINES, Iowa (Agriculture.com)--After the USDA projected higher than expected U.S. grain stocks, the CME Group corn, soybean and wheat markets closed lower Monday.

See full USDA Report and reaction

The Dec. corn futures contract settled 12 cents lower at $4.41. The Nov. soybean futures contract finished 37 cents lower at $12.82. Dec. wheat futures ended 4 1/2 cents lower at $6.78 per bushel. The Dec. soymeal futures closed $12.90 per short ton lower at $405.90. The Dec. soyoil futures ended $0.71 lower at $41.10. 

In the outside markets, the NYMEX crude oil is $0.20 per barrel lower, the dollar is lower and the Dow Jones Industrials are 131 points lower.

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mark guildenzoph 09/30/2013 @ 6:50pm Wow, what a shocker another report based on projections are you kidding me? How about I project that it is going to snow this week does that mean that it is hell no, so why do you incompetent traders continue to do irrational swings (rallies) based on projection and not fact. This is not the weather it is unacceptable to be wrong 75% of the time without consequence.

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