Soybean Market Closes Up Double-Digits
DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished double-digits higher, gaining back everything it lost Tuesday and then some.
The July corn futures contract closed 1 cent higher at $4.74. The Dec. corn futures finished 1/4 cent lower at $4.71. The July soybean futures contract finished 35 cents higher at $15.05. The Nov. soybean futures closed 21 cents higher at $12.53. July wheat futures finished 6 cents lower at $6.64 per bushel. The July soymeal futures contract closed $11.40 per short ton higher at $498.10. The July soyoil futures closed $0.40 higher at $40.47.
In the outside markets, the NYMEX Brent crude oil is $1.68 per barrel higher, the dollar is higher, and the Dow Jones Industrials are 147 points higher.