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

Corn, wheat finish higher

04/23/2012 @ 9:36am

DES MOINES, Iowa (Agriculture.com)--The CME Group soybean markets closes lower, grains higher Monday.

The July corn futures settled 9 1/2 cents higher at $6.12 1/2. The July soybean contract settled 8 1/2 cents lower  $14.41. The July wheat futures finished 9 1/2 cents higher at $6.32 1/2. The July soymeal futures closed $6.50 per short ton lower at $403.40. The July soyoil futures ended $0.79 lower at $55.49. 
In the outside markets, the NYMEX crude oil is $0.76 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 116 points.

The markets rallied a lot on Friday with rumor of a Brazil soybean embargo. That rumor was refuted with Brazil Ag minister denying any such discussion, sending the soybean market lower Monday, one CME Group floor trader says. "And, we are also post-option expiration for all May contracts. That has contributed to the set back today.

In general, prices need to stay high to encourage larger acreage growth in Soy in US and in next winters planting in Brazil/Argengtina," he says.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybean, Wheat Prices Close Higher By: 07/31/2014 @ 8:35am DES MOINES, Iowa (Agriculture.com)-- The CME Group soybean and wheat markets end higher, corn lower…

Soybeans Seen Higher Thursday By: 07/31/2014 @ 7:02am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Rangebound Corn Market Ends Higher By: 07/30/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group corn and wheat markets stayed…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Markets Trade in Narrow Range