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 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