Home / Markets / Markets Analysis / Corn market / Farm markets end down

Farm markets end down

01/23/2013 @ 9:45am

DES MOINES, Iowa (Agriculture.com)--Technical selling and wetter weather for U.S. Plains and Argentina pushed the CME Group corn, soybean and wheat markets to a lower close Wednesday.

The March futures corn contract closed 7 cents lower at $7.29. The March soybean futures contract settled 14 cents lower at $14.37. March wheat futures ended 4 cents lower at $7.74 per bushel. The March soyoil futures contract finished $0.40 lower at $52.03. The March soymeal futures finished $5.10 per short ton lower at $416.50. 

In the outside markets, the NYMEX crude oil is $1.38 per barrel lower, the dollar is higher and the Dow Jones Industrials are 80 points higher.


CancelPost Comment

Really 01/23/2013 @ 3:28pm Wetter weather in the plains um lets see it's January who cares we are still in a drought and last time I checked you don't plant in January or February and yesterday the forecast for Argentina was dry so miracle of miracles it changed today what a shock another contradiction by the CBOT

Report Abuse Reply
MORE FROM MIKE MCGINNIS more +

Farmers Are Urged to Adopt Conservation… By: 07/28/2014 @ 2:09pm U.S. farmers need to wake up to adopting conservation measures, world buyers find U.S. corn carries…

Weekly Market Wrap-up: Low Prices Cure Low… By: 07/25/2014 @ 12:16pm   RELATED VIDEO       Low prices, cure low prices…

Wheat Prices Turn Higher By: 07/25/2014 @ 8:45am DES MOINES, Iowa (Agriculture.com)--Even after big, fresh export sales announced, the CME…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Scott Shellady: Options 101