Home / Markets / Markets Analysis / Corn market / Soybeans close slightly higher

Soybeans close slightly higher

04/04/2012 @ 9:47am

DES MOINES, Iowa (Agriculture.com)--The CME Group grain markets closed lower, while soybeans finished slightly higher Wednesday.

The July corn futures settled 2 1/4 cents lower at $6.50 3/4. The July soybean contract closed 2 1/2 cents higher at $14.23 3/4. The July wheat futures closed 19 1/4 cents lower at $6.49 3/4. The July soymeal futures closed $1.10 per short ton higher at $389.00. The July soyoil futures closed $0.14 higher at $56.43. 
In the outside markets, the NYMEX crude oil is $1.95 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 126 points.

Tim Hannagan, PFGBest.com senior grain analyst, says the corn markets looking ahead to a short week.

"Corn is reluctant to take out the major resistance on the charts at 6.68 with a three day holiday coming and crude oil and other outside markets down sharply. Beans opened 9 lower but surging overseas vegetable crops  have beans up on the day on thinking bean oil prices  are going higher." 


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybean, Wheat Prices Close Higher By: 07/31/2014 @ 8:35am DES MOINES, Iowa (Agriculture.com)-- The CME Group soybean and wheat markets end higher, corn lower…

Soybeans Seen Higher Thursday By: 07/31/2014 @ 7:02am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Rangebound Corn Market Ends Higher By: 07/30/2014 @ 8:37am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group corn and wheat markets stayed…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Markets Trade in Narrow Range