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

Farm markets plunge

09/22/2011 @ 9:39am

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 +

Soybeans Close 13¢ Lower Tuesday By: 11/18/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)—Acting like a ‘turnaround Tuesday’, the CME Group soybean…

Soybeans Seen Slightly Higher Tuesday By: 11/18/2014 @ 6:36am On Tuesday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Soybeans Close 13¢ Higher Monday By: 11/17/2014 @ 8:48am DES MOINES, Iowa (Agriculture.com)—On Monday, the CME Group soybean market closed higher, with…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cool Tools Christmas Edition: Part 2