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Soybean Market Closes Up Double-Digits

05/21/2014 @ 9:31am

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.

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