Home / Markets / Markets Analysis / Corn market / Soybeans finish 8¢ higher

Soybeans finish 8¢ higher

10/30/2013 @ 8:39am

DES MOINES, Iowa (Agriculture.com)--On Wednesday, the CME Group soybean market ended higher, corn slightly lower.

The Dec. corn futures contract closed 1 3/4 cents lower at $4.30. The Nov. soybean futures contract settled 8 1/2  cents higher at $12.87. Dec. wheat futures settled 6 cents lower at $6.75 per bushel. The Dec. soymeal futures contract closed 1.00 per short ton higher at $411.80. The Dec. soyoil futures ended $0.65 higher at $41.62. 

In the outside markets, the NYMEX crude oil is $1.41 per barrel lower, the dollar is higher and the Dow Jones Industrials are 82 points lower.

Tim Hannagan, Walsh Trading Inc. analyst says the corn market gains are being capped.

"It's hard for corn to hold rallies, as trader mindset is to be short into the Nov. 8 crop report. But Thursday's export sales report should be bullish, giving us a higher close today on beans."



VIDEO: See Why Farmers Like the Marketing Academy.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Soybean Markets Reverse Lower Tuesday By: 09/16/2014 @ 8:42am DES MOINES, Iowa (Agriculture.com)--On Monday, the CME Group's corn, soybean, and wheat…

USDA: Corn Harvest Is 4% Complete By: 09/15/2014 @ 3:40pm As expected, the U.S. corn and soybean crop condition ratings have been left unchanged from a week…

Corn, Soybeans Close Higher By: 09/15/2014 @ 8:52am DES MOINES, Iowa (Agriculture.com)--After starting lower, the CME Group corn and soybean markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Case IH Magnum Rowtrac