Home / Markets / Markets Analysis / Corn market / Soybeans Drop 70¢

Soybeans Drop 70¢

06/30/2014 @ 8:52am

DES MOINES, Iowa (Agriculture.com)--By increasing the U.S. 2014 soybean acres sharply higher than the trade expected, the USDA's Acreage Report put significant pressure on Monday's CME Group futures market.


Discuss the USDA June Acreage & Stocks Report in Marketing Talk. 


While the July corn futures closed 18 3/4 cents lower at $4.24, the Dec. corn futures ended 22 cents lower at $4.25. 

The Aug. soybean futures ended 48 cents lower at $13.29, while the Nov. soybean futures settled 70 cents lower at $11.57. 


The most highly traded Sep. wheat futures closed 16 cents lower at $5.77.


The Dec. soymeal futures contract ended $25.60 per short ton lower at $367.40. The Dec. soyoil futures settled $1.24 lower at $39.15.


In the outside markets, the NYMEX Brent crude oil is $0.32 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 14 points lower.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans End 23¢ Lower By: 08/01/2014 @ 8:56am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's soybean markets finish under…

Farm Markets Seen Mostly Lower Friday By: 08/01/2014 @ 6:45am On Friday, the CME Group's corn, soybean and wheat markets are expected to start mostly…

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…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Rain Drains Grain Markets