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Consumer Corner: Foreclosure settlement no magic bullet for economy
CHICAGO, Nov. 20 (UPI) -- Grain futures closed mixed on the Chicago Board of Trade Friday as Wall Street equities spent the entire day in negative territory.
Corn was off 3 1/4 to off 4, soybeans were up 3 1/2 to up 7, wheat was off 2 3/4 to off 3 1/4 and oats were off 1 1/2.
Corn futures closed lower despite a Mexican corn producers association predicting a drought will decrease production to about 21 million metric tons. Wheat prices fell with demand soft due to competitive prices in Europe. Soybean futures rose with late harvest delays expected due to rain and snow.
The prices:
Corn: Dec 3.91, off 4; Mar 4.07, off 3 3/4; May 4.17, off 3 1/2; July 4.25 1/2, off 3 1/4.
Soybeans: Jan 10.46, up 7; Mar 10.50 1/4, up 5 1/2; May 10.50 1/2, up 4 1/4; Jul 10.53 1/2, up 3 1/2.
Wheat: Dec 5.59 3/4, off 2 3/4; Mar 5.80 3/4, off 3 1/4; May 5.92 1/4, off 3 1/4; Jul 6.02 3/4, off 3.
Oats: Dec 2.58; Mar 2.71 1/2; May 2.79 3/4; Jul 2.87 1/4 -- all off 1 1/2.
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