Farm markets drop
DES MOINES, Iowa (Agriculture.com)--The world economic concerns has pulled the CME Group corn and soybeans lower Wednesday.
The July corn futures are trading 2 1/2 cents lower at $7.05. The July soybean contract is trading 3 1/4 cents lower at $13.45 1/2. The July wheat futures are 8 3/4 cents lower at $6.65 1/2. The July soybean meal futures are trading unchanged at $351.70 and July soyoil futures are trading $0.17 lower at $56.43.
In the outside markets, the NYMEX crude oil is $0.16 per barrel higher, the dollar is higher and the Dow Jones Industrials are down 40 points.