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Corn trades 17¢ higher | Thursday, April 8, 2021

On Thuursday, the buyers pushed up the CME Group’s farm markets. The traders positioned temselves ahead of Friday’s USDA Supply/Demand Report. The trade expects the government to tighten U.S. corn and soybean ending stocks in tomorrow’s report. At the close, the May corn futures finished 19¾¢ higher at $5.79½. July corn futures settled 16¢ higher at $5.62. New-crop December corn futures closed 9¾¢ higher at $4.94.   May soybean futures ended 6½¢ higher at $14.15½. July soybean futures closed 6¾¢ higher at $14.09¼. New-crop November soybean futures finished 2¾¢ higher at $12.73½. May wheat futures closed 12¾¢ higher at $6.28.  July soymeal futures settled $1.00 short term lower at $410.40. July soy oil futures closed +0.51 higher at 51.41¢ per pound.

Old crop, new crop corn and soybean contracts diverge | Thursday, April 1, 2021

iStock: larryhw After hitting limit up levels yesterday, and opening higher today, the CME Group’s farm markets lean lower. At the close, the May corn futures finished 4 1/2¢ lower at $5.59 1/2. July corn futures closed 2 1/4¢ lower at $5.45 1/4. New crop December corn futures ended 7¢ higher at $4.84 1/2.   May soybean futures settled 34 3/4¢ lower at $14.02. July soybean futures closed 31¢ lower at $13.96 1/2. New crop November soybean futures ended 7 1/2¢ higher at $12.63 3/4. May wheat futures ended 7¢ lower at $6.11.  May soymeal futures closed $13.00 short term lower at $410.20. July soy oil futures finished 0.24¢ lower at 50.52¢ per pound. In the outside markets, the NYMEX crude oil market is +2.15 higher (+3.63%) at $61.31. The U.S. dollar is lower, and the Dow Jones Industrials are 158 points higher (+0.48%) at 33,140 points.

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