Nice corn, soybean rally Wednesday
The CME Group corn, soybean and wheat markets are rallying Wednesday.
At mid-day, the May futures corn contract is trading 6 cents higher at $7.36.The May soybean futures contract is trading 8 cents lower at $14.56. May wheat futures are trading 7 cents higher at $7.39 per bushel. The May soymeal futures are trading $3.50 per short ton higher at $423.70. The May soyoil futures are trading $0.03 higher at $50.85.
In the outside markets, the NYMEX crude oil is $0.30 per barrel lower, the dollar is higher and the Dow Jones Industrials are 51 points lower.