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 +

Tightening Your Farm's Belt? Check Out… By: 09/02/2014 @ 1:44pm Exactly 2 years ago at this time, farmers were more concerned with how they were going to invest…

Rains Fall Hard, Fuel Soybean Disease, Corn… By: 09/02/2014 @ 9:33am A growing so-called heat dome in the Southeastern U.S. and up-and-down temperatures in the mostly…

Cutting Postharvest Grain Losses in Brazil a… By: 08/29/2014 @ 10:06am There's growing talk in parts of the central U.S. that once the combines start to roll this…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Soybeans Rally on Crop Disease Concerns