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Soybeans Down, Grains Edge Up Slightly

Agricultural futures were mixed on Wednesday, as soybeans continued to ease from their highest levels since 2008. Grains were slightly higher amid USDA predictions that corn stocks will decline less than forecast by analysts.

The May wheat contract was up 2.2 cents to $6.256 a bushel.

May corn edged up 1.2 cents a bushel to $6.36 a bushel.

After big losses over the past three sessions, July cotton was up 0.52 cents at 88.78 cents per lb on the Chicago Board of Trade.

With South American production down, soybean prices have jumped in recent weeks. Today, however, May soybeans eased 4 cents to $14.22 a bushel.

by RTT Staff Writer

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