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Grain futures mixed on USDA report

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Published: Sept. 10, 2010 at 4:55 PM
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CHICAGO, Sept. 10 (UPI) -- Grain futures closed mixed Friday with traders responding to the U.S. Department of Agriculture's supply an demand report.

Corn rose 7 1/4 to up 7 3/4; soybeans were off 14 to off 15, wheat was off 1/2 to up 2 3/4 and oats were up 6 3/4 to up 15 1/4.

Corn futures rose with the USDA lowering its forecast for the year to 162.5 bushels per acre from a previous estimate of 165 bushels. Wheat prices moderated after Thursday's surged with USDA worldwide production figures lowered slightly to 643 million metric tons. Soybean prices fell with yield predictions raised to 44.7 bushels per acre from 44 and world stock estimates higher.

The prices:

Corn: Sep 4.64, up 7 3/4; Dec 4.78 1/4, up 7 1/2; Mar 4.91 1/4, up 7 1/4; May 4.94 3/4, up 7 1/4.

Soybeans: Sep 10.23 1/2, off 14 1/4; Nov 10.31, off 15; Jan 10.40 1/4, off 15, Mar 10.48, off 14.

Wheat: Sep 7.04 3/4, off 2; Dec 7.36 3/4, off 1 1/4; Mar 7.65 3/4, off 1/27; May 7.70, up 2 3/4.

Oats: Sep 3.17, up 15 1/4; Dec 3.24, up 9 1/4; Mar 3.31, up 8 3/4; May 3.33, up 6 3/4.

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