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Farm markets close lower

12/09/2011 @ 9:36am

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.


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.


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