CHICAGO, July 27 (UPI) -- Grains futures closed mixed on the Chicago Board of Trade Monday after U.S. stock markets waited until late in the day to turn in positive numbers.
Corn was up 6 to up 6 1/2, soybeans were off 8 1/2 to up 1/4, wheat was up 4 to up 4 1/4 and oats were unchanged to up 1/2.
Corn futures closed higher although cattle placed into feedlots dropped 8 percent in June compared to a year ago. Wheat futures gained as drought in Argentina is expected to sharply reduce the number of wheat acres planted this season. A stronger dollar put downward pressure on Soybean prices Monday.
The prices:
Corn: Sep 3.22 1/4, up 6; Dec 3.33 3/4, up 6 1/2; Mar 3.47, up 6 1/2; May 3.56 1/4, up 6 1/4.
Soybeans: Aug 10.21 1/4, up 1/4; Sep 9.45, off 6 1/2; Nov 9.06 1/2, off 8 1/2; Jan 9.13 3/4, off 8 1/2.
Wheat: Sep 5.20 1/2, up 4 1/4; Dec 5.47 3/4, up 4 1/4; Mar 5.56, up 4; May 5.78 1/4, up 4.
Oats: Sep 1.95, unchanged; Dec 2.07 1/2, up 1/2; Mar 2.19 1/2, up 1/2; May 2.27 1/2, up 1/2.
