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Drones over U.S. may pose security risks
CHICAGO, May 27 (UPI) -- Grain futures closed mixed on the Chicago Board of Trade Wednesday, while stock markets fell in New York and oil prices made slight gains.
Corn was off 1/2 to off 1 1/2, soybeans were off 2 1/2 to up 7 1/2, wheat was up 13 1/4 to up 13 3/4 and oats were up 5 3/4 to up 6 1/4.
Corn futures fell slightly with dry weather forecast for the western half or the corn belt. Wheat prices rose although Jordan canceled a 100,000 wheat tender Wednesday. Argentina's Buenos Aires Grains Exchange reduced its estimate of the 2009 soybean crop from 32.2 million metric tons to 30 million.
The prices on futures contracts:
Corn: Jul 4.26, off 1 1/2; Sep 4.36 1/4, off 1 1/2; Dec 4.49 3/4, off 1/2; Mar 4.60 1/2, off 1/2.
Soybeans: Jul 11.87, up 1 1/2; Aug 11.47 1/2, off 1 1/2; Sep 10.90 1/2, up 3; Nov 10.50, up 7 1/2.
Wheat: Jul 6.25 3/4, up 13 3/4; Sep 6.51 3/4, up 13 3/4; Dec 6.74 1/4, up 13 1/2; Mar 6.90, up 13 1/4.
Oats: 2.53 3/4, up 6; Sep 2.62 1/4, up 6 1/4; Dec 2.73 1/2, up 5 3/4; Mar 2.87 1/2, up 5 3/4.
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