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Grains end Wednesday in the red

Jeff Caldwell 08/03/2011 @ 2:24pm Agricultural content creator and marketer.

Corn, soybean and wheat futures all pulled back Wednesday from a sharply higher day on Tuesday, all closing the day's trade slightly lower.

At the close, nearby corn futures were 5 1/4 cents lower at $7.06 per bushel, while nearby soybeans, at $13.68 3/4 per bushel, were 6 1/4 lower, according to Barchart.com. Nearby wheat futures landed 7 1/2 cents lower at $7.10 1/2 per bushel.

Though concerns over continued crop-stressing weather kept losses at a minimum in the corn pit, soybeans were pressured by weather outlooks that favor potential rainfall over the next week.

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