Home / Markets / Markets Analysis / Corn market / Corn, soybeans end Wednesday lower

Corn, soybeans end Wednesday lower

Jeff Caldwell 11/17/2010 @ 2:29pm Multimedia Editor for Agriculture.com and Successful Farming magazine.

The CME Group grains closed with a mixed tone Wednesday, with corn and soybeans dipping lower and wheat ending the day higher, a tone that leads some analysts to believe the market may have found a bottom for the time-being.

At the close, December corn was 3/4 cent lower at $5.25 3/4 per bushel, while January soybeans were 14 3/4 cents lower at $12.05, according to Barchart.comWheat was the lone pit in the black, trading 6 1/4 higher to $6.32 1/2 per bushel.

"Looks like the markets have hit a bottom today," Market Analyst Al Kluis said Tuesday afternoon in Agriculture.com Marketing Talk"I will look for high export sales tomorrow."

The USDA Foreign Agricultural Service is scheduled to release its weekly export sales report Thursday morning.

CancelPost Comment
MORE FROM JEFF CALDWELL more +

Rain Chances, Global Tumult Sink Grains… By: 07/29/2014 @ 2:57pm After a higher day for corn and soybean futures on Monday, it was a Turnaround Tuesday that saw all…

Risk Management, Farm Policy Critical During… By: 07/29/2014 @ 2:01pm The business of raising corn, soybeans, and wheat isn't what it was a couple of years ago. Now…

Wheat Leads Grains Lower in Tuesday A.M… By: 07/29/2014 @ 11:12am Since Monday afternoon's USDA Crop Progress report that showed a slight slip in crop…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101