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Soybeans end slightly higher

Updated: 12/12/2012 @ 4:26pm

DES MOINES, Iowa (Agriculture.com)--Much in the way they traded all day, the CME Group corn, soybean, and wheat markets settled mixed Wednesday.

 

Soybeans are higher, due to bullish anticipation of tomorrow's Weekly Export Sales Report, market watchers say. Otherwise, a lack of fresh news kept corn and wheat lower.

The March futures corn contract settled 2 cents lower at $7.25. March soybean futures contract closed 1 cent higher at $14.73. March wheat futures ended 9 cents lower at $8.12 per bushel. The January soyoil futures contract is trading 66 cents lower at $49.54. The January soymeal futures contract finished $3.90 per short ton higher at $452.00.

In the outside markets, the NYMEX crude oil is $1.12 per barrel higher, the dollar is lower, and the Dow Jones Industrials are 28 points lower.


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