Corn, soybeans close lower
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.
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.