Grains and soybeans close higher
DES MOINES, Iowa (Agriculture.com)--The CME Group corn, wheat and soybean markets all rallied to close up Tuesday.
At the close, the May futures corn contract settled 4 cents higher at $7.32. The May soybean futures contract ended 13 cents higher at $14.19. May wheat futures closed 14 cents higher at $7.36 per bushel. The May soymeal futures finished $2.20 per short ton higher at $413.80. The May soyoil futures closed $0.36 higher at $49.84.
In the outside markets, the NYMEX crude oil is $1.08 per barrel higher, the dollar is lower and the Dow Jones Industrials are 65 points higher.