Farm markets continue falling
DES MOINES, Iowa (Agriculture.com)--The CME Group corn, soybean and wheat markets have given back some of the gains from Monday.
At mid-session, the Sep. corn futures are trading 4 cents lower at $4.89 per bushel. The Dec. corn futures contract is trading 5 cents lower at $4.80. The Sep. soybean futures contract is trading 10 cents lower at $13.12, new-crop Nov. soybeans are trading 10 cents lower at $12.93. Dec. wheat futures are trading 1 cent higher at $6.54 per bushel. In the outside markets, the NYMEX crude oil is $0.82 per barrel lower, the dollar is lower and the Dow Jones Industrials are 56 points higher.
Weather is still the key factor, even this late in the season, one analyst says.