Commodity Market Future Contract 2012
Commodity market - March corn futures closed 6 cents lower at $6.05 1/2. The March soybean contract opened 6 cents lower at $11.76 1/4. The March wheat futures opened 5 1/4 cents lower at $5.99 3/4. The March soymeal futures opened $2.10 per short ton lower at $305.00. The March soyoil futures opened $0.48 lower at $50.97.
In the outside markets, the NYMEX crude oil is $1.18 per barrel lower, the dollar is higher and the Dow Jones Industrials are down 135 points.
The Friday market continued to react to the negative USDA Crop Production and Supply/Demand Reports from Thursday. In Addition, wetter forecasts for South America's dry crops pressured the grain markets Friday, according to traders.
Category: commodity market, corn futures, crude oil, Info Commodity, soybean contract, soymeal future, soyoil futures price
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