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Soybeans end 24¢ higher

02/28/2014 @ 9:00am

DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group soybean market rallied and held onto the double-digit gain. Wheat and corn finished strong too. 

The May corn futures contract closed 9 cents higher at $4.63. The May soybean futures contract closed 24 cents higher at $14.14. May wheat futures finished 13 cents higher at $6.02 per bushel. The May soymeal futures contract settled $6.10 per short ton higher at $457.70. The May soyoil futures finished $0.64 higher at $41.79.

In the outside markets, the NYMEX crude oil is $0.15 per barrel higher, the dollar is lower and the Dow Jones Industrials are 25 points higher.

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Soybeans Rally on Crop Disease Concerns