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Soybeans Close 13¢ Higher

05/22/2014 @ 10:27am

DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market closed sharply higher Thursday.

The July corn futures contract finished 2 1/4 cents higher at $4.76. The Dec. corn futures closed 1 3/4 cents higher at $4.73. The July soybean futures contract finished 13 1/2 cents higher at $15.18. The Nov. soybean futures closed 17 cents higher at $12.70. July wheat futures ended 5 cents lower at $6.59 per bushel. The July soymeal futures contract closed $3.40 per short ton higher at $501.50. The July soyoil futures finished $0.39 higher at $40.86. 
In the outside markets, the NYMEX Brent crude oil is $0.38 per barrel lower, the dollar is higher and the Dow Jones Industrials are 28 points higher.

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Soybeans Rally on Demand, Weather