Home / Markets / Markets Analysis / Corn market / Wet weather drops grain prices

Wet weather drops grain prices

01/13/2012 @ 9:45am

The CME Group corn, soybean and wheat markets closed lower Friday.

The March corn futures closed 6 cents lower at $6.05 1/2. The March soybean contract opened 6 cents lower at $11.76 1/4. The March wheat futures opened 5 1/4 cents lower at $5.99 3/4. The March soymeal futures opened $2.10 per short ton lower at $305.00. The March soyoil futures opened $0.48 lower at $50.97. 

In the outside markets, the NYMEX crude oil is $1.18 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 135 points.

The Friday market continued to react to the negative USDA Crop Production and Supply/Demand Reports from Thursday.

In Addition, wetter forecasts for South America's dry crops pressured the grain markets Friday, according to traders.


CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Wheat Prices Gain Strength Friday By: 03/27/2015 @ 8:37am DES MOINES, Iowa (Agriculture.com)—On Friday, the CME Group wheat market closed higher on a lack…

Corn, Soybean Markets Seen Lower Friday By: 03/27/2015 @ 7:39am On Friday, the CME Group's corn, soybean, and wheat markets are expected to start mostly…

Corn, Soybeans Ended Lower Thursday By: 03/26/2015 @ 9:05am DES MOINES, Iowa (Agriculture.com)—On Thursday, the CME Group corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Planter tips: Seeds
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]