Home / Markets / Markets Analysis / Corn market / Soybeans reach 3 1/2-year high

Soybeans reach 3 1/2-year high

04/24/2012 @ 9:36am

DES MOINES, Iowa (Agriculture.com)--With lowering crop estimates out of Argentina, the CME Group soybean market hit a 3 1/2-year high Monday.

However, profit-taking hit the grain markets

The July corn futures settle 4 1/2 cents lower at $6.08. The July soybean contract finished 24 cents higher  $14.65. The July wheat futures settled unchanged at $6.32 1/2. The July soymeal futures closed $12.30 per short ton higher at $415.70, and sloyoil futures ended up $0.20 at $55.69. 
In the outside markets, the NYMEX crude oil is $0.19 per barrel higher, the dollar is lower and the Dow Jones Industrials are up 74 points.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Corn, Soybeans, Wheat End Lower By: 01/30/2015 @ 8:46am DES MOINES, Iowa (Agriculture.com)—Fund-selling, end of month profit-taking are being blamed for…

Soybean, Corn Markets Close Lower By: 01/29/2015 @ 8:40am DES MOINES, Iowa (Agriculture.com)--The CME Group's soybean and corn markets closed lower…

Grain Markets Seen Extending Losses Thursday By: 01/29/2015 @ 7:27am On Thursday, the CME Group's corn, soybean, and wheat markets are expected to start…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Senator Grassley and his Mower
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]