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Soybeans end sharply lower

Updated: 09/20/2012 @ 2:29pm

DES MOINES, Iowa (Agriculture.com)--With fund liquidation, the CME Group soybean market fell through the floor Thursday.

The Dec. futures corn contract settled 10 1/2 cents lower at $7.46. Nov. soybean futures contract finished 50 3/4 cents lower at $16.18. Dec. wheat futures finished 2 cents lower at $8.79 1/2 per bushel. The Dec. soyoil futures contract closed $1.20 lower at $54.05. The Dec. soymeal futures contract finished $17.20 per short ton lower at $483.10.

In the outside markets, the NYMEX crude oil is $0.16 per barrel higher, the dollar is higher and the Dow Jones Industrials are 17 points higher.


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