Content ID

109918

Soybeans, Corn Close Higher Wednesday on Demand

Corn is slightly higher.

Soybean futures closed higher on Wednesday amid strong demand for U.S. supplies. 

Private exporters reported to the U.S. Department of Agriculture export sales of 381,000 metric tons of soybeans for delivery to China during the 2016/2017 marketing year.

September soybean futures jumped 10 1/2¢ to $10.30 a bushel, while November soybean futures rose 8¢ higher at $10.15 1/4 a bushel.

September corn futures gained 2 3/4¢ at $3.27 1/2, while December futures were 2 1/2¢ higher at $3.37 1/4 per bushel.

September wheat futures were unchanged at $4.23 1/2 a bushel.

September soy meal futures added 40¢ to $332.70 a short ton. September soy oil futures are 0.56¢ higher at 34.38¢ per pound. 

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