Grains close sharply lower

09/23/2011 @ 9:39am

DES MOINES, Iowa ( CME Group farm prices closed sharply lower Friday.

The Dec. corn futures settled 11 1/2 cents lower at $6.38 1/2. The Nov. soybean contract closed 25 cents lower at $12.58. The Dec. wheat futures ended 7 cents higher at $6.40 3/4. The Dec. soymeal futures settled $5.00 per short ton lower at $330.10. The Dec. soyoil futures settled $1.30 lower at $52.64.

In the outside markets, the NYMEX crude oil is $0.55 per barrel lower, the dollar is lower and the Dow Jones Industrials are up 37 points.