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Corn, soybeans remain lower

08/30/2013 @ 8:38am

DES MOINES, Iowa (Agriculture.com)--The chances for rain, in the Midwest, next week have spooked the CME Group corn, soybean and wheat markets Friday.

At mid-session, the Sep. corn futures contract is trading 6 cents lower at $4.90 per bushel. Dec. corn futures contract is trading 2 cents lower at $4.79. The Sep. soybean futures contract is trading 8 cents lower at $14.22, new-crop Nov. soybeans are trading 17 cents lower at $13.51. Dec. wheat futures are trading 2 cents higher at $6.56 per bushel. The Dec. soymeal futures are trading $6.50 per short ton lower at $423.60. The Dec. soyoil futures are trading $0.33 lower at $43.87. 

In the outside markets, the NYMEX crude oil is $0.77 per barrel lower, the dollar is higher and the Dow Jones Industrials are 42 points lower.

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Weather Trumps Demand