iStock: portishead1
On Monday, the CME Group’s farm markets react negatively to the wet forecast for Brazil and U.S. crops.
At the close, the July corn futures settled 2¼¢ lower at $6.57½. New-crop September futures ended 4¾¢ lower at $5.68. December corn futures closed 6¼¢ lower at $5.40¼.
July soybean futures closed 3½¢ lower at $15.22¼. August soybean futures closed 1¼¢ lower at $14.71. New-crop November soybean futures settled 1¾¢ higher at $13.62½.
July wheat futures closed 12¢ lower at $6.62¼.
July soymeal futures closed $1.30 per short ton higher at $400.20.
July soy oil futures are 0.36¢ lower at 65.13¢ per pound.
In the outside markets, the NYMEX crude oil market is +2.42 higher (+3.81%) at $66.00. The U.S. dollar is lower, and the Dow Jones Industrials are 245 points higher (+0.72%) at 34,452 points.