Soybeans finish sharply higher
DES MOINES, Iowa (Agriculture.com)--The CME Group soybean market rallied and led all other commodities higher Thursday.
The soybeans pushed higher off of the bullishness of lower global production, a lower U.S. Dollar and expected less U.S. soybean acreage.
The July soybean futures settled 10 1/4 cents higher at $6.69. The July soybean contract closed 18 cents higher at $13.69. The July wheat futures finished 21 cents higher at $6.64. The July soymeal futures settled $4.20 per short ton higher at $371.40. The July soyoil futures closed $0.68 higher at $55.48.
In the outside markets, the NYMEX crude oil is $0.52 per barrel lower, the dollar is lower and the Dow Jones Industrials are up 35 points.