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Wheat prices jump up double-digits Thursday

On Thursday, the CME Group’s farm markets await bullish news. At the close, the March corn futures settled 2¾¢ lower at $5.50¼. May corn futures closed 1¾¢ lower at $5.49. New-crop December corn futures finished ¾¢ lower at $4.59¼.    March soybean futures closed 8¾¢ lower at $13.75. May soybean futures finished 8¼¢ lower at $13.76¾. New-crop November futures settled 2½¢ lower at $11.86½. May wheat futures settled 17¾¢ higher at $6.65¾.  May soymeal futures closed $6.20 short term lower at $425.00. May soy oil futures finished 0.11¢ higher at 46.25¢ per pound. In the outside markets, the NYMEX crude oil market is $0.69 per barrel lower (-1.13%) at $60.45. The U.S. dollar is lower, and the Dow Jones Industrials are 96 points lower (-0.31%) at 31,516 points.

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