Home / Markets / Markets Analysis / Corn market / Corn, soybeans finish higher

Corn, soybeans finish higher

01/30/2014 @ 8:46am

DES MOINES, Iowa (Agriculture.com)--Weather concerns and demand help the CME Group soybean and corn markets end higher Thursday.

The March corn futures contract settled 6 cents higher at $4.33. The March soybean futures contract closed 5 3/4 cents higher at $12.75. March wheat futures finished 2 cents higher at $5.53 per bushel. The March soymeal futures contract ended $1.90 per short ton higher at $425.20. The March soyoil futures settled $0.03 lower at $37.07.

In the outside markets, the Brent crude oil is $1.04 per barrel higher, the dollar is higher and the Dow Jones Industrials are 106 points higher.

Mike North, Senior Risk Advisor for First Capitol Ag, says today's trading offered more of the same. "Corn remains in a quiet range, while soybeans whip in the area of consolidation from the $12.60s to the $12.80s.  Export data was supportive and may help corn break out for a brief rally," North says. But, it will need to continue to see more weeks like this one.  Otherwise this thing is a yawner."

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

Grains, Soybeans Mixed to Close Thursday By: 07/02/2015 @ 8:56am Grains and soybeans were mixed to close the day Thursday. At the open, the September corn…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Wildlife Diversity
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]