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Agriculture futures keep falling after crop report

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Agriculture futures keep falling after crop report
Willmar Minnesota 2208 Trott Ave. SW / P.O. Box 839 56201

CHICAGO (AP) -- Agriculture futures continued to tumble today on the Chicago Board of Trade after the Agriculture Department said it expected record grain crops.

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Production estimates were higher than the government had expected in November, sending prices tumbling.

Wheat for March delivery dropped 11.75 cents to $5.24 a bushel; March corn sank 20.5 cents to $3.72 a bushel; March oats tumbled 6.5 cents to $2.46 a bushel; and March soybeans shed 2 cents to $9.76 a bushel.

Meanwhile, beef futures slipped as pork futures rose on the Chicago Mercantile Exchange.

February live cattle dropped 0.20 cent to 85.25 cents a pound; March feeder cattle lost 0.35 cent to 97.95 cents a pound; February lean hogs gained 1.05 cents to 67.45 cents a pound; and February pork bellies jumped 1.75 cents to 88.80 cents a pound.

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