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Oct. 13, 2009 / 4:48 PM

Grain futures mostly higher Tuesday

Joe Courville unloads corn at the grain elevator in Manteno, Illinois on October 20, 2008. Corn for December delivery rose $0.155 per bushel at the Chicago Board of Trade closing at $4.185 Monday as rebounding oil markets shift investor focus to commodities. (UPI Photo/Brian Kersey)

Joe Courville unloads corn at the grain elevator in Manteno, Illinois on October 20, 2008. Corn for December delivery rose $0.155 per bushel at the Chicago Board of Trade closing at $4.185 Monday as rebounding oil markets shift investor focus to commodities. (UPI Photo/Brian Kersey) | License Photo

CHICAGO, Oct. 13 (UPI) -- Grain futures closed mostly higher Tuesday on the Chicago Board of Trade following a run-up in oil prices in New York.

Corn was up 1/4 to up 1/2; soybeans were off 4 1/4 to off 6, wheat was up 15 1/2 to up 17 and oats were up 2 3/4 to up 3 3/4.

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Corn futures rose in sympathy with oil prices that gained after the Organization of Petroleum Exporting Countries said demand for oil would increase through 2010. Wheat futures surged as the dollar's weakness increased competitiveness of U.S. commodities. Soybean prices fell as rains fell across growing areas in Arkansas, Missouri and western Tennessee.

The prices:

Corn: Dec 3.81 3/4, up 1/2; Mar 3.93 1/4, up 1/4; May 4.01 1/4, up 1/4; Jul 4.08 1/4, up 1/2.

Soybeans: Nov 9.93, off 6; Jan 9.95 3/4, off 4 1/4; Mar 9.95 1/4, off 5 1/4; May 9.89 1/2, off 4 1/2.

Wheat: Dec 5.11 1/4, up 17; Mar 5.30 1/4, up 17; May 5.43, up 16 3/4; Jul 5.55 1/2, up 15 1/2.

Oats: Dec 2.58 1/2, up 3 3/4; Mar 2.71 1/2, up 3 3/4; May 2.79, up 3 1/4; Jul 2.87, up 2 3/4.

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