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 +

Soybeans Settle Up 14¢ By: 07/28/2015 @ 8:46am DES MOINES, Iowa (Agriculture.com)—On Tuesday, the CME Group soybean market regained some of its…

USDA: Corn Crop Improves, Soybeans Hold… By: 07/27/2015 @ 3:19pm DES MOINES, Iowa (Agriculture.com)—The U.S. corn crop's condition is improving, while the…

Soybeans Close 30¢ Lower By: 07/27/2015 @ 8:52am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group corn, soybean markets closed sharply…

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

FREE MEMBERSHIP!

CLOSE [X]