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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.

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Drop chad borman 06/22/2011 @ 4:34pm How much worse do you want things too get for farmers get it straight the yield is not there the corn is ankle high,beans are short or just coming up cause planting just got done,it's very wet and cool who ever keeps knocking theses prices down needs a reality check why don't they have a few farmers come too the cbot floor and do some educating.

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