Grain trades ride on weather Monday

Published: May 12, 2008 at 5:37 PM
Order reprints
CHICAGO, May 12 (UPI) -- Weather concerns bolstered prices on the Chicago Board of Trade Monday, encouraging weather for crops suppressing prices.

Corn was off 12 1/4 to off 15; soybeans were off 12 1/4 to off 15 3/4; wheat was up 3.4 to up 2; oats were unchanged to off 5 1/4.

Corn prices broke on forecast changes that include drier weather than previously expected. Early wheat selling was blamed on rain across large sections of the Plains. Soybeans, looking at dry weather later this week, supported prices as quick planting suggested less total acreage on the year.

The prices:

Corn: May 6.03 1/2, off 15; Jul 6.14 3/4, off 14 1/2; Sep 6.26 3/4, off 14 1/4; Dec 6.37 3/4, off 12 1/4.

Soybeans: May 13.35, off 14 1/2; Jul 13.42 1/2, off 15 1/2; Aug 13.37 1/2, off 15 3/4; Sep 13.12 1/2, off 12 1/4.

Wheat: May 7.93, 1/2 up 2; Jul 8.05 1/2, up 1; Sep 8.19 3/4, up 1 1/4; Dec 8.40 1/4, up 3/4.

Oats: May 4.05, unchanged; Jul 4.10, off 3; Sep 4.20 1/4, off 5 1/4; Dec 4.36, off 2 1/2.


© 2008 United Press International, Inc. All Rights Reserved.



Official: China retains trade advantages (16 min)
Prosecutor downplays al-Bashir issues (18 min)
Outfest broadening its film boundaries (20 min)
Chinese fishermen's release demanded (28 min)
Madonna honors Jackson during concert (30 min)
'Slumdog' child star enjoying new home (34 min)
No pardon for Khodorkovsky in works (39 min)
1st person allowed back into the Statue of Liberty is white, and her name is an anagram for "Let...
Maggie, a 13 year-old blind poodle, was rescued from a storm drain and returned to her owner. At...
Production of Kid Rock's "American Badass Beer" starts today. "You grab it, you share it with your...
Australian wine prices driven lower than bottled water prices. Life is good
Photoshop this rugged race
Afghanistan as a major tourist destination? The tag says it all