CHICAGO, Nov. 27 (UPI) -- Corn was higher but soybeans and wheat were lower at the close Friday on the Chicago Board of Trade.
Corn was up 5 1/4 to up 5 1/2, soybeans were off 1 1/2 to off 3 1/2, wheat was off 1 to off 2 and oats were off 3.
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CHICAGO, Nov. 27 (UPI) -- Corn was higher but soybeans and wheat were lower at the close Friday on the Chicago Board of Trade. Corn was up 5 1/4 to up 5 1/2, soybeans were off 1 1/2 to off 3 1/2, wheat was off 1 to off 2 and oats were off 3.
Corn surged, hitting highs in afternoon trading as traders reported strong buying and short covering by traders initially spooked by Dubai's debt worries. Additional support came from exports as the European Union decided to allow importation of previously restricted corn varieties. Soybeans were mixed despite support from EU exports. Wheat moderated throughout the day following sharp overnight drops but still finished in negative territory. Oats followed wheat and beans.
The prices:
Corn: Dec 3.97 1/4 up 5 1/4, Mar 4.13 1/2 up 5 1/2, May 4.24 up 5 1/2, July 4.32 3/4 up 5 1/2.
Soybeans: Jan 10.53 off 1 1/2, Mar 10.58 3/4 off 2, May 10.60 1/4 off 3 1/2, July 10.65 1/2 off 3 1/2.
Wheat: 5.48 3/4 off 1 1/2, Mar 5.69 3/4 off 1 3/4, May 5.82 1/4 off 2, July 5.93 1/4 off 1.
Oats: Dec 2.55 off 3, Mar 2.68 1/2 off 3, May 2.76 3/4 off 3, July 2.84 1/4 off 3.