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DES MOINES, Iowa (Agriculture.com)--It was a real setback day for all CME Group farm markets Wednesday.

Soybeans were pressured by profit-taking, corn felt the weight of the upcoming expected bearish USDA Report Friday, and favorable wheat weather pushed that market lower.

The May futures corn contract settled 20 cents lower at $6.88. The May soybean futures contract finished 1 cent lower at $14.66. May wheat futures closed 22 cents lower at $6.83 per bushel. The May soyoil futures contract finished $0.13 higher at $50.26. The May soymeal futures finished $0.60 per short ton lower at $435.30.

In the outside markets, the NYMEX crude oil is $0.36 per barrel lower, the dollar is higher and the Dow Jones Industrials are 41 points higher.

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chad borman 03/06/2013 @ 12:25pm Pretty dumb that prices are falling when it's obvious it's a bull market. Also funny that your hours are cut now as if every weekend off and every holiday off is not not enough don't worry the farmer will still work every day so you can trade our crops and livestock .

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