Soybeans end up; corn lower
DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market finished higher, while the corn market ended on pressure from the EPA's proposal to cut ethanol use in gasoline.
The Dec. corn futures contract closed 10 cents lower at $4.12. The Dec. soybean futures contract finished 7 cents higher at $12.87. Dec. wheat futures finished 2 1/4 cents lower at $6.42 per bushel. The Dec. soymeal futures contract ended $5.30 per short ton higher at $415.80. The Dec. soyoil futures finished $0.36 lower at $40.11.
In the outside markets, the NYMEX crude oil is $0.12 per barrel lower, the dollar is lower, and the Dow Jones Industrials are 14 points higher.