Home / Markets / Markets Analysis / Corn market / Corn closes higher

Corn closes higher

03/08/2013 @ 9:59am

DES MOINES, Iowa (Agriculture.com)--Reacting to the USDA lowering the U.S. corn carryout estimate in today's WASDE Reports, the CME Group corn market finished strongly. Wheat and soybeans were pressured by the USDA data Friday.

The May futures corn contract settled 12 cents higher at $7.03. The May soybean futures contract finished 2 cents lower at $14.71. May wheat futures ended 1 cent higher at $6.97 per bushel. The May soyoil futures contract closed $0.27 lower at $50.34. The May soymeal futures finished $0.90 per short ton lower at $435.20. 

In the outside markets, the NYMEX crude oil is $0.30 per barrel higher, the dollar is higher and the Dow Jones Industrials are 52 points higher.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans Close 13¢ Higher By: 09/29/2014 @ 8:51am DES MOINES, Iowa (Agriculture.com)—Though no bottom is seen being formed, the CME Group’s corn…

Corn, Wheat to Trade Higher Monday By: 09/29/2014 @ 7:49am On Monday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 12¢ Lower By: 09/26/2014 @ 8:40am DES MOINES, Iowa (Agriculture.com)—Put selling, big harvest yield reports, combine to keep the…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Pre-Harvest Checklist