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Soybeans, corn end lower

05/02/2012 @ 9:36am

DES MOINES, Iowa (Agriculture.com)--Fast-paced planting combined with profit-taking, left the CME Group corn, soybean and wheat prices with only one direction to trade….lower Wednesday.

The July corn futures settled 17 1/2 cents lower at $6.11 1/2. The July soybean contract closed 18 1/2 cents lower $14.85. The July wheat futures end 28 1/2 cents lower at $6.14 1/2. The July soymeal futures settled $4.50 per short ton lower at $429.70 and July soyoil futures close $0.20 at $54.71. 
In the outside markets, the NYMEX crude oil is $0.93 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 23 points.


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