Home / News / Business news / Grain prices end mostly lower

Grain prices end mostly lower

09/30/2010 @ 12:11pm

CHICAGO, Illinois (Agriculture.com)--After suffering steep early losses, the CME Group grain markets closed mixed Thursday.

The Dec corn futures settled 9 1/4 cents lower at $4.95 3/4. The Nov. soybean contract finished 7 3/4 cents higher at $11.06 3/4. The Dec. wheat futures settled 9 1/2 cents lower at $6.74.  The Dec. soyoil futures closed 65 points higher at $45.09. The Dec. soymeal futures contract ended $0.60 lower at $306.90 per short ton.

In the outside markets, the NYMEX crude oil is $2.20 per barrel higher, the dollar is higher, and the Dow Jones Industrials are down 12 points.

In its Grain Stocks Report Thursday, the USDA raised the 2010 U.S. corn grain stocks by 300 million bushels vs. its June report, sharply higher than trade estimates. As a result, the grain markets trade sharply lower.

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Fund Rallies Ruling The Markets By: 05/22/2015 @ 11:19am Yes, the wheat market has rallied 60¢ since May 13. And yes, the corn and soybean markets have…

Long Weekend Can Mean Market Volatility By: 05/22/2015 @ 11:09am After several corn and soybean contracts mad new lows this week, traders fear the upcoming holiday…

Soybeans Close 14¢ Lower Friday By: 05/22/2015 @ 8:48am DES MOINES, Iowa (Agriculture.com)--On Friday, the CME Group's corn, soybean and wheat markets…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Weather Update - Late May, Early June
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]