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 +

Trade Responds to USDA Bullish Data By: 06/30/2015 @ 10:40am DES MOINES, Iowa (Agriculture.com)—The amount of U.S. corn and soybean acres planted in 2015 has…

Corn 'Limit' Up, Soybeans Close Up… By: 06/30/2015 @ 8:39am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group's corn market closed at its…

Corn, Wheat Prices Seen Moving Up Tuesday By: 06/30/2015 @ 7:24am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Wildlife Diversity
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]