Home / Markets / Markets Analysis / Corn market / Grain markets close mostly lower

Grain markets close mostly lower

09/30/2010 @ 12:13pm

CHICAGO, Illinois (Agriculture.com)--After suffering steep early losses, the CME Group grain markets closed mixed Thursday.

The Dec corn futures settled 9 1/4 cents lower at $4.95 3/4. The Nov. soybean contract finished 7 3/4 cents higher at $11.06 3/4. The Dec. wheat futures settled 9 1/2 cents lower at $6.74.  The Dec. soyoil futures closed 65 points higher at $45.09. The Dec. soymeal futures contract ended $0.60 lower at $306.90 per short ton.

In the outside markets, the NYMEX crude oil is $2.20 per barrel higher, the dollar is higher, and the Dow Jones Industrials are down 12 points.

In its Grain Stocks Report Thursday, the USDA raised the 2010 U.S. corn grain stocks by 300 million bushels vs. its June report, sharply higher than trade estimates. As a result, the grain markets trade sharply lower.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Wheat Prices End Higher By: 04/23/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--At mid-session, the CME Group corn and wheat markets have found…

Corn, Soybean Markets Seen Falling Wednesday By: 04/23/2014 @ 7:58am On Wednesday, the CME Group's corn, soybean and wheat markets are expected to start…

Corn Ends Up, Soybeans Lower By: 04/22/2014 @ 8:39am DES MOINES, Iowa (Agriculture.com)--Talk of another investment bank exiting commodities aided in…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm Bill 2014 Timeline