Corn, soybeans end higher
DES MOINES, Iowa (Agriculture.com)--With less pressure from macroeconomic factors, the old-crop CME Group corn and soybean markets closed higher on tight supply concerns, while deferred months closed weaker Tuesday.
The July futures corn contract closed 4 cents higher at $6.56. New-crop Dec. corn futures settled 2 cents lower at $5.44. The July soybean futures contract ended 13 cents higher at $15.25, new-crop Nov. soybeans closed 5 cents higher at $12.78. July wheat futures finished 3cents lower at $6.75 per bushel. The July soymeal futures finished $7.80 per short ton higher at $458.80. The July soyoil futures settled $0.41 lower at $47.14.
In the outside markets, the NYMEX crude oil is $0.02 per barrel lower, the dollar is higher and the Dow Jones Industrials are 121 points higher.