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

Farm markets stay lower

07/21/2011 @ 9:38am

CHICAGO, Illinois (Agriculture.com)--At mid-session, the easing weather outlook and profit-taking have the CME Group futures markets lower Thursday.

The Dec. corn futures are trading 7 3/4 cents lower at $6.70. The Nov. soybean contract is trading unchanged at $13.84. The Sep. wheat futures are trading 14 3/4 cents lower at $6.82 1/4. The Dec. soybean meal futures contract is trading $1.00 per short ton lower at $366.50 and Dec. soyoil futures are trading $0.09 lower at $57.61.

In the outside markets, the NYMEX crude oil is $1.58 per barrel higher, the dollar is lower and the Dow Jones Industrials are up 112 points.

The Wednesday afternoon European model has backed off the idea of a  second 'heat dome', according to Wxrisk.com, the website.   So, the period of July 28-29-30-31 is looking less threatening for the Midwest crops.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Outlook: Harvest Weather Seen Favorable… By: 09/19/2014 @ 11:47am At least one thing is clear. The Midwest frost threat is no longer a worry, through early October…

Soybeans, Wheat Drop Double-Digits By: 09/19/2014 @ 8:38am DES MOINES, iowa (Agriculture.com)—Big yields, favorable weather, held the CME Group’s corn…

All Farm Markets Seen Weaker Friday By: 09/19/2014 @ 7:31am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start lower. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Improving Soil Health