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, Wheat Close Double-Digits Lower By: 07/29/2014 @ 3:12pm On Tuesday, the CME Group soybean market took back some of the gains from yesterday.At the close…

China Corn Ban Frustrates U.S. Industry By: 07/29/2014 @ 2:29pm How can the U.S. regain the China corn import market? That's the question asked and topic…

Farmers Are Urged to Adopt Conservation… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101