Corn turns lower
DES MOINES, Iowa (Agriculture.com)--After starting higher on short-covering, the CME Group corn market has fallen, soybeans remain higher Wednesday.
At mid-day, the Sept. futures corn contract is trading 4 cents lower at $5.29. New-crop Dec. corn futures are trading 2 cents lower at $5.00. The Aug. soybean futures contract is trading 5 cents higher at $14.39, new-crop Nov. soybeans are trading 5 cents higher at $12.48. Sept. wheat futures are trading 8 cents higher at $6.6 per bushel. The Aug. soymeal futures are trading $0.20 short ton lower at $432.70. The Aug. soyoil futures are trading $0.21 higher at $47.04.
In the outside markets, the NYMEX crude oil is $2.26 per barrel higher, the dollar is lower and the Dow Jones Industrials are 57 points higher.