Corn, soybeans end lower
DES MOINES, Iowa (Agriculture.com)--Positioning ahead of tomorrow's USDA Reports pushed the CME Group corn, soybean and wheat markets to a lower settlement Monday.
The July corn futures settle 7 cents lower at $5.91, while the Dec. contract closed 12 1/4 cents lower at $5.31 3/4. The July soybean contract finished 3/4 of a cent higher $14.27, while the Nov. 2012 contract settled 1/2 of a cent lower at $13.32. The July wheat futures finished 1/4 of a cent lower at $6.30. July soyoil futures settled $0.30 higher at $49.76. The July soymeal futures settled $1.50 per short ton lower at $428.30.
In the outside markets, the NYMEX crude oil is $0.50 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 62 points.