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

Farm markets end lower

Updated: 03/06/2013 @ 3:07pm

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.

CancelPost Comment

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 .

Report Abuse Reply

2016 Basis Prices Vary Widely Depending on… By: 11/25/2015 @ 2:24pm This marketing year, farmers who are looking to pick up a few more cents per bushel for their corn…

Soybeans Close 11¢ Higher Wednesday By: 11/25/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the bulls stole the feast from the bears, with…

Soybeans, Corn End Lower Tuesday By: 11/24/2015 @ 8:50am DES MOINES, Iowa (Agriculture.com)-- On Tuesday, the CME Group's corn, soybean and wheat…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Successful Marketing Newsletter