Home / Markets / Markets Analysis / Corn market / Soybean, Wheat Prices Close Higher

Soybean, Wheat Prices Close Higher

07/31/2014 @ 8:35am

DES MOINES, Iowa (Agriculture.com)-- The CME Group soybean and wheat markets end higher, corn lower Thursday.

At the close, the Dec. corn futures settled 4 1/2 cents lower at $3.67.

Nov. soybean futures ended 3/4 of a cent higher at $10.82.

Sep. wheat futures settled 3 cents higher at $5.30.

December soymeal futures closed $0.20 higher at $348.80. The Dec. soyoil futures settled $0.01 higher at $36.40.

In the outside markets, the NYMEX Brent crude oil is $1.56 per barrel lower, the dollar is higher and the Dow Jones Industrials are 250 points lower.Helen Pound, KCG Futures senior futures market specialist, says the markets are trading in a narrow range, with the news in the 'as expected' category.

"Weekly export sales were friendly, but having little impact. Argenina's debt default should make it harder for Argentina to secure funding to support their weak economy in the international market," Pound told customers in a daily note.

Pound adds, "US Midwest weather forecast still calls for moderate temperatures with little rain the balance of the week before rainfall chances improve beginning Sunday." 

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Port Strike Spotlights Corn, Soybean Export… By: 02/27/2015 @ 4:41pm The West Coast dockworkers slowdown that ended a week ago has highlighted new concerns for the…

Wheat Ends 12¢ Higher, Corn Higher Too By: 02/27/2015 @ 8:39am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

Soybeans Seen Extending Week's Gains… By: 02/27/2015 @ 7:33am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start higher. The…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Llamas, Commodity Classic and Photo of the Week
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]