Home / News / Crops news / Corn, soybeans end stronger

Corn, soybeans end stronger

01/30/2014 @ 8:44am

DES MOINES, Iowa (Agriculture.com)--Weather concerns and demand help the CME Group soybean and corn markets end higher Thursday.

The March corn futures contract settled 6 cents higher at $4.33. The March soybean futures contract closed 5 3/4 cents higher at $12.75. March wheat futures finished 2 cents higher at $5.53 per bushel. The March soymeal futures contract ended $1.90 per short ton higher at $425.20. The March soyoil futures settled $0.03 lower at $37.07.

In the outside markets, the Brent crude oil is $1.04 per barrel higher, the dollar is higher and the Dow Jones Industrials are 106 points higher.

Mike North, Senior Risk Advisor for First Capitol Ag, says today's trading offered more of the same. "Corn remains in a quiet range, while soybeans whip in the area of consolidation from the $12.60s to the $12.80s.  Export data was supportive and may help corn break out for a brief rally," North says. But, it will need to continue to see more weeks like this one.  Otherwise this thing is a yawner."

CancelPost Comment
MORE FROM MIKE MCGINNIS more +

Soybeans, wheat end up double-digits By: 04/15/2014 @ 8:38am DES MOINES, Iowa (Agriculture.com)--On Tuesday, the CME Group soybean market closed double-digits…

Mostly lower corn, wheat markets seen By: 04/15/2014 @ 8:03am On Tuesday, the CME Group's corn, soybean and wheat markets are expected to start mixed. The…

Soybeans, corn close higher By: 04/14/2014 @ 8:41am DES MOINES, Iowa (Agriculture.com)--With snow falling in Iowa, cold temperatures for other…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Farm markets Rally on Weather, Ukraine