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Corn, soybeans end lower

Updated: 02/08/2013 @ 3:16pm

DES MOINES, Iowa (Agriculture.com)--Profit-taking hit the CME Group soybean market, while corn, though lower, and wheat finished slightly stronger than expected, based on Friday's USDA Supply/Demand Reports.  

The March futures corn contract settled 1 cent lower at $7.09. The March soybean futures contract finished 34 cents lower at $14.52. March wheat futures ended 1/2 of a cent higher at $7.56 per bushel. The March soyoil futures contract closed $0.42 lower at $51.43. The March soymeal futures finished $15.20 per short ton lower at $422.40. 

In the outside markets, the NYMEX crude oil is $0.14 per barrel lower, the dollar is higher and the Dow Jones Industrials are 28 points higher.



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