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Iowa Corn Prices Fall

Corn, Wheat and Soybean Futures Lower

By , Farms.com

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.


Trending Video

Developing disease resistance in new wheat varieties

Video: Developing disease resistance in new wheat varieties


Dr. Colin Hiebert, research scientist with Agriculture and Agri-Food Canada – Morden, is focused on developing new tools that wheat breeders can use to improve, diversify and strengthen disease resistance in new wheat varieties. This includes new genomic tools that address resistance to five diseases including: Fusarium head blight, leaf rust, stripe rust, stem rust and common bunt.

Learn more about how research conducted at AAFC-Morden will impact wheat variety development, production and profitability for the future. This research is part of the Canadian National Wheat Cluster and funding is provided through the Sustainable Canadian Agricultural Partnership, Agriculture and Agri-Food Canada, Alberta Grains, Sask Wheat, Manitoba Crop Alliance, Western Grains Research Foundation and Canadian Field Crop Research Alliance.