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All Farm Markets Close Lower

08/29/2014 @ 8:44am

DES MOINES, Iowa (Agriculture.com)--Despite the concern over crop diseases, the pressure got to the CME Group corn, soybean and wheat markets Friday.
At the close, the Deccorn futures finished 4 1/2 cents lower at $3.64.
Novsoybean futures closed 4 1/2 cents lower at $10.24.
Decwheat futures ended 8 1/4 cents lower at $5.63.
In the outside markets, the crude oil is $1.24 per barrel higher to $95.09, the dollar is higher, and the Dow Jones Industrials are 12 points lower.

“With all the new talk of Sudden Death Syndrome in soybeans and maturity problem in the Upper Plains, the US is still going to produce a very large crop and the rise in grain prices will be limited,” says Cory Bratland, markets analyst and broker with Kluis Commodities“We are likely to see a lot of rain for parts of Nebraska, all of Iowa, and up into WisconsinWe will likely hear more and more reports of Sudden Death Syndrome in the soybeans in those states.”

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