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 +

Midwest Temps Dip; Frost Chances Remain Low By: 09/11/2014 @ 6:29am The system that brought monsoon-type rainfall to parts of the Midwest over the last few days has…

Don't Neglect Safety This Harvest By: 09/10/2014 @ 8:57am Harvest is here (or close, depending on your location). It's about the craziest time of the…

Storing Grain Outside This Fall? Keep It Dry… By: 09/10/2014 @ 6:51am If crop output projections reach fruition this fall, there could be a lot of corn and soybeans…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Case IH Magnum Rowtrac