Home / Markets / Markets Analysis / Corn market / Farm markets finish stronger

Farm markets finish stronger

10/10/2011 @ 9:37am

DES MOINES, Iowa (Agriculture.com)--Improved world economic news and a weakening dollar helped the CME Group farm markets settle higher Monday.

The Dec. corn futures settled 5 cents higher at $6.05. The Nov. soybean contract closed 19 1/4 cents higher at $11.77 1/2. The Dec. wheat futures closed 4 cents higher at $6.11 1/2. The Dec. soymeal futures settled $4.20 higher per short ton and soyoil futures closed $0.79 higher at $50.11.

In the outside markets, the NYMEX crude oil is $2.44 per barrel higher, the dollar is lower and the Dow Jones Industrials are up 283 points.

Broad-based commodity buying and a weakening dollar helped the U.S. farm markets push higher Monday, analysts say.

In addition, the German and French pledge to help bailout the Eurozone is underpinning this grain market.


CancelPost Comment
MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: A look at the technicals
MORE FROM MIKE MCGINNIS more +

Planters rule the market? By: 05/17/2013 @ 12:11pm As the end of April approached, all the talk was about how slow the U.S. corn planting pace was ...

Old corn, soybeans end sharply higher By: 05/17/2013 @ 8:44am DES MOINES, Iowa (Agriculture.com)--Old-crop corn prices and soybeans finish stronger, as the ...

Farm markets lean higher By: 05/17/2013 @ 7:29am The CME Group's corn, soybean, and wheat markets are expected to start higher Friday. The ...