Soybeans end 44¢ higher
DES MOINES, Iowa (Agriculture.com)--Fund-buying, demand, and an oversold market helped the CME Group soybean markets close sharply higher Monday.
The March futures corn contract settled 15 cents higher at $7.24. The March soybean futures contract settled 44 cents higher at $14.18. March wheat futures finished 12 cents higher at $7.67 per bushel. The March soyoil futures contract ended $1.21 higher at $50.45. The March soymeal futures settled $13.20 per short ton higher at $417.50.
In the outside markets, the NYMEX crude oil is $0.69 per barrel higher, the dollar is lower and the Dow Jones Industrials are 14 points higher.