Home / Markets / Markets Analysis / Corn market / Farm markets plunge

Farm markets plunge

Updated: 09/22/2011 @ 2:28pm

DES MOINES, Iowa (Agriculture.com)--The plunging outside markets kept the CME Group farm futures sharply lower Thursday.

The Dec. corn futures settled 35 3/4 cents lower at $6.50. Remember, the new corn daily trading limit is 40¢.  The Nov. soybean contract closed 37 1/2 cents lower at $12.83. The Dec. wheat futures settled 33 cents lower at $6.33 3/4. The Dec. soymeal futures closed $9.10 per short ton lower at $335.10. The Dec. soyoil futures settled $1.40 lower at $53.94.

In the outside markets, the NYMEX crude oil is $5.75 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 462 points.

On Thursday, China announced lower manufacturing data for the third month in a row. Also, Europe's financial crisis worsens and the U.S. political division all are weighing on the stocks market and ultimately the commodities markets.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Video: Early Harvest Weather Could Delay… By: 09/04/2015 @ 12:50pm Combines have been rolling this week in the southern portion of Corn Belt states. However Dan…

Corn, Wheat End Higher Friday By: 09/04/2015 @ 8:47am DES MOINES, Iowa (Agriculture.com)—As the farm markets consider the long Memorial Day weekend…

Wheat Ends 13¢ Lower By: 09/03/2015 @ 9:08am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group's corn, soybean, and wheat…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Freese-Notis Early Harvest Weather Outlook
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]