Home / Markets / Markets Analysis / Corn market / Soybeans close up, corn down

Soybeans close up, corn down

02/10/2012 @ 9:37am

DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean and wheat markets closed mixed, under pressure from outside markets and low volume Friday

The March corn futures settled 5 1/4 cents lower at $6.31 3/4. The March soybean contract closed 1 1/2 cents higher at $12.29. The March wheat futures are trading 7 1/2 cents lower at $6.38 1/2.  The March soymeal futures ende $0.10 per short ton lower at $320.00. The March soyoil futures settled $0.10 lower at $52.53.
In the outside markets, the NYMEX crude oil is $0.99 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 128 points.

Luisa Longo, a CME Group independent floor trader, says outside markets brought the grains down Friday.

"The grains are lower today due to macroeconomic factors.  Greek debt negotiations have stalled, rallying the dollar. Also, this conversely sent equities, energy, metals, and grains all lower.

Jack Scoville, PRICE Futures Group vice president, says the trade was slow. "I think the market held pretty well, given the dollar strength.  Some demand news about Egypt and China helping things.  Been pretty slow here," Scoville says. 


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn Ends Lower, Soybeans Mixed By: 04/17/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Thursday, the CME Group corn markets closed lower, soybeans…

Mixed farm markets seen Thursday By: 04/17/2014 @ 8:05am On Thursday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

Soybeans Close 17¢ Higher By: 04/16/2014 @ 8:46am DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group's corn, wheat markets came…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather