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Soybeans fall sharply

Updated: 06/13/2013 @ 11:25am

DES MOINES, Iowa (Agriculture.com)--Technical factors, not fundamentals, are keeping pressure on the CME Group corn, soybean and wheat markets Thursday.

At mid-session, the July futures corn contract is 7 cents lower at $6.43. New-crop Dec. futures are trading 6 cents lower at $5.31. The July soybean futures contract is trading 31 cents lower at $15.09, new-crop Nov. soybeans are trading 22 cents lower at $12.91. July wheat futures are trading 4 cents lower at $6.78 per bushel. The July soymeal futures are trading $8.80 per short ton lower at $452.60. The July soyoil futures are trading $0.30 lower at $47.81.

In the outside markets, the NYMEX crude oil is $0.03 per barrel lower, the dollar is higher and the Dow Jones Industrials are 49 points higher.

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06/13/2013 @ 12:07pm wow really,what a great week as many farmers continue to struggle to get their crop in and usda comes up with another bs report the cbot is once again putting money in their own pockets. Don't worry though as you all look forward to another weekend off be assured the farmers will work to get their crop in so on monday you all can come back and trade our livelihood without a care in the world. You all make me sick.

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mark guildenzoph 06/13/2013 @ 10:18am ha ha ha ha ha ha thats funny

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