Farm markets close lower
Despite favorable outside markets, the bearish USDA Report is keeping pressure on the CME Group corn, soybean and wheat prices Friday.
At mid-session, the March corn futures are trading 12 cents lower at $5.88 1/4. The Jan. soybean contract is trading 26 1/2 cents lower at $11.06. The March wheat futures are trading 7 1/2 cents lower at $5.89 1/2. The January soymeal futures contract is trading $6.80 per short ton lower at $277.50. The January soyoil futures are trading $1.17 lower at $49.28.
- Talk: How are prices responding to USDA data?
- Also: Traders react to bearish data
- Read more: USDA loosens corn, soybean stocks
In the outside markets, the NYMEX crude oil is $0.06 per barrel higher, the dollar is lower and the Dow Jones Industrials are up 152 points.