Home / Markets / Markets Analysis / Corn market / Farm markets close higher

Farm markets close higher

07/05/2011 @ 9:48am

CHICAGO, Illinois (Agriculture.com)--The CME Group farm markets closed higher Tuesday, using fresh crop demand and futures buying for support Tuesday, analysts say.

The Dec. corn futures settled 15 3/4 cents higher at $6.12 1/4. The Nov. soybean contract closed 5 1/2 cents higher at $13.18. The Sep. wheat futures closed 23 1/4 cents higher at $6.35 1/2. The Dec. soybean meal futures contract ended $0.10 per short ton lower at $340.90 and Dec. soyoil futures closed $0.09 lower at $56.21.

In the outside markets, the NYMEX crude oil is $1.91 per barrel higher, the dollar is higher and the Dow Jones Industrials are down 6 points.

People think last week’s USDA Acreage Report was high, one CME Group grain floor trader, requesting anonymity, says. "I still like the Dec. corn futures contract and think we fill the gap. We'll probably see higher export corn numbers for the next several weeks." 

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

End of an Era for Corn, Soybean Futures:… By: 07/02/2015 @ 9:41am This Monday, the history of corn and soybean markets will change. After being traded on the floor…

Grains, Soybeans Mixed to Close Thursday By: 07/02/2015 @ 8:56am Grains and soybeans were mixed to close the day Thursday. At the open, the September corn…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Happy Landlords
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]