Home / Markets / Markets Analysis / Corn market / Corn, soybeans closed mixed

Corn, soybeans closed mixed

06/20/2012 @ 9:39am

DES MOINES, Iowa (Agriculture.com)--As they started, the CME Group corn, soybean markets finished mixed Wednesday.

At the close:

The July corn futures closed 2 1/2 cents lower at $6.10, while the Dec. contract finised 1 cent higher at $5.64 1/2. The July soybean contract closed 9 1/2 cents higher $14.43 1/4, while the Nov. 2012 contract settled 8 3/4 cents higher at $13.93 3/4. The July wheat futures closed 10 1/2 cents higher at $6.60. July soyoil futures finished $0.34 higher at $50.78. The July soymeal futures settled $.50 lower at $427.40. 
In the outside markets, the NYMEX crude oil is $2.93 per barrel lower, the dollar is higher and the Dow Jones Industrials are 51 points lower.

Tim Hannagan, PFGBest.com senior grain analyst, says it's been transition day. First, the markets priced in this week's hot dry weather into Tuesday/Wednesday highs to profit-taking, then deciding if they should buy long or short for next week on Friday," Hannagan says. Next week looks cooler but dry. So the downside is limited to profit- taking and no hard selling, he says. 


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 20¢ Higher Tuesday By: 10/21/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)—Slow harvest pace and buyers’ participation have underpinned…

Harvest Pressure Sinks Soybeans By: 10/20/2014 @ 8:50am DES MOINES, Iowa (Agriculture.com)— The CME Group’s corn, soybean, and wheat markets finished…

Corn, Soybeans Seen Falling Monday By: 10/20/2014 @ 6:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Are We In a Climate Change?