Iowa Corn Prices Fall

Aug 27, 2012

Corn, Wheat and Soybean Futures Lower

The largest corn producing state in the U.S – Iowa experienced a price drop for corn, soybeans and wheat. The December futures for corn contract is trading at 1 ¾ lower with a showing of $8.06. Looking to November soybean contracts they are currently trading at $17.18. While December wheat futures are trading 3 ¾ lower to $8.84.

"The overnight trade was higher on the weaker yield estimates and some ideas that the U.S. Stock market might move higher today. Not sure if the rains in the Midwest this weekend are helping all that much, but they could be hurting the beans price action either way," says Jack Scoville, President of PRICE Futures Group.

The PRICE Futures Group is a leader in providing advice to traders and investors – providing clients with market analysis and with decision making tools.

"The market is chopping around with no real direction. It's trying to grab here and maybe we start to work higher again," Scoville says.

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