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Corn, wheat rally Thursday

03/14/2013 @ 1:42pm

The CME Group corn and wheat markets are up, in late session trading Thursday.

At 1:40pm, The May futures corn contract is trading 5 cents higher at $7.15. The May soybean futures contract is trading 16 cents lower at $14.31. May wheat futures are trading 10 cents higher at $7.20 per bushel. The May soymeal futures are trading $4.90 per short ton lower at $424.00. The May soyoil futures are trading $0.41 lower at $49.11. 

In the outside markets, the NYMEX crude oil is $0.18 per barrel higher, the dollar is lower and the Dow Jones Industrials are 51 points higher.

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