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

Farm markets rally

08/26/2011 @ 9:40am

CHICAGO, Illinois (Agriculture.com)--A sharp rally, sparked by buying, has the CME Group corn and soybean markets well supported Friday.

At mid-day, the Dec. corn futures are trading 24 cents higher at $7.67 1/2. The Nov. soybean contract is 30 cents higher at $14.22 3/4. The Dec. wheat futures are trading 13 1/2 cents higher at $8.01 1/4. The Dec. soyoil futures are trading $0.82 higher at $56.95. The Dec. soymeal futures are trading $7.60 per short ton higher at $382.80.

In the outside markets, the NYMEX crude oil is $0.47 per barrel lower, the dollar is lower and the Dow Jones Industrials are up 145 points.

Hotter crop-weather, and favorable outside markets push up the farm markets, traders say.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Trades Higher, Soybeans Drop Thursday By: 07/02/2015 @ 8:56am DES MOINES, Iowa (Agriculture.com)--The CME Group's soybean and wheat markets opened lower…

Corn, Soybean Markets to Edge Higher By: 07/02/2015 @ 6:54am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Farmer Celebrates Freedom While Serving… By: 07/01/2015 @ 11:25am What will you be doing to celebrate your country’s freedom and independence? From 6,300…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Cover Crops-Wildlife Diversity
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]