Home / Markets / Markets Analysis / Corn market / Soybeans close lower

Soybeans close lower

10/19/2012 @ 9:47am

DES MOINES, Iowa (Agriculture.com)--While the CME Group corn and wheat markets have found strength, soybeans have dropped Friday.

The Dec. futures corn contract closed 3/4 of a cent higher at $7.61. Nov. soybean futures contract settled 11 cents lower at $15.34. Dec. wheat futures settled 4 cents higher at $8.72 per bushel. The Dec. soyoil futures contract ended $0.72 lower at $51.58. The Dec. soymeal futures contract ended $0.50 per short ton higher at $463.80.

In the outside markets, the NYMEX crude oil is $2.01 per barrel lower, the dollar is higher and the Dow Jones Industrials are 197 points lower.

Alan Brugler, President of Brugler Marketing & Management LLC, says Friday's markets traded simply off of profit taking in soybeans. 

"Wheat prices were up on possible suspension of Ukraine exports after Nov 15-20. Corn is starting to see position adjustments ahead of November options expiration next week," Brugler says. 

 


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]