Home / Markets / Markets Analysis / Corn market / Corn, wheat close higher

Corn, wheat close higher

Updated: 12/29/2010 @ 2:10pm

CHICAGO, Illinois (Agriculture.com)--The CME Group grain markets closed mostly higher, with soybean prices finishing lower Wednesday.

The March corn futures settled 3/4 of a cent higher at $6.24. The March soybean contract finished 10 cents lower at $13.77. The March wheat futures settled 1 cent higher at $7.99 1/4. The March soybean meal futures ended $3.10 lower per short ton at $369.50. The March soyoil futures settled $0.41 lower at $56.98. 

In the outside markets, the NYMEX crude oil is $0.38 per barrel lower, the dollar is lower, and the Dow Jones Industrials are up 43 points.

Tim Hannagan, PFGBest.com senior grain analyst, says the markets are following a lower overnight trade. Also, funds are taking end-of-year profits.

"A little profit taking today as month and year end looms ahead but support has selling at a minimum as drought in Argentina continues with no measurable rain thru the weeks end . Also Mexico was in for 120,000 metric tons of corn and China bought 120,000 metric tons of beans today showing prices still look good to them," Hannagan says.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Video: Early Harvest Weather Could Delay… By: 09/04/2015 @ 12:50pm Combines have been rolling this week in the southern portion of Corn Belt states. However Dan…

Corn, Wheat End Higher Friday By: 09/04/2015 @ 8:47am DES MOINES, Iowa (Agriculture.com)—As the farm markets consider the long Memorial Day weekend…

Wheat Ends 13¢ Lower By: 09/03/2015 @ 9:08am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group's corn, soybean, and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Freese-Notis Early Harvest Weather Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]