Old crops end higher, new lower
DES MOINES, Iowa (Agriculture.com)--The CME Group corn and soybean markets trade within a small range to close mixed Wednesday.
The July futures corn contract settled 8 cents higher at $6.64. New-crop December corn futures finished 1 cent lower at $5.44. The July soybean futures contract closed 9 cents higher at $15.34; new-crop November soybeans ended 3 cents lower at $12.76. July wheat futures closed 9 cents lower at $6.67 per bushel. The July soymeal futures finished $4.50 short ton higher at $463.30. The July soyoil futures ended 51 cents lower at $46.63.
In the outside markets, the NYMEX crude oil is 21 cents per barrel lower, the dollar is higher, and the Dow Jones Industrials are 137 points higher.