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Corn futures off, soybeans higher Monday

Nov. 22, 2010 at 5:40 PM
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CHICAGO, Nov. 22 (UPI) -- Grain futures closed mixed Monday on the Chicago Board of Trade with the dollar index rising slightly, up 0.17 percent.

Corn was off 4 3/4 to off 5 1/2, soybeans were up 18 3/4 to up 20, wheat was unchanged to up 1 and oats were off 1 1/4 to off 2 1/4.

Corn futures fell with the week's export inspections at 24.4 million bushels, down sharply from the previous week. Wheat futures found support from a sale of 120,000 metric tons to Egypt announced Monday. Soybean prices jumped with year-to-date export inspections at 31.8 percent of the U.S. Department of Agriculture's projection compared to a five-year average of 28.9 percent.

The prices:

Corn: Dec. 5.15 1/4, off 5 1/2; Mar 5.29 1/4, off 5 1/2; May 5.37 1/4, off 4 3/4; Jul 5.40 3/4, off 5.

Soybeans: Jan 12.21 1/2, up 20; Mar 12.28 3/4, up 19 3/4; May 12.29, up 19; Jul 12.30 3/4, up 18 3/4.

Wheat: Dec 6.45 1/2, up 1; Mar 6.84 1/2, up 1/2; May 7.09 1/4, up 3/4; Jul 7.20 1/4, unchanged.

Oats: Dec 3.51, off 2 1/4; Mar 3.63 3/4, off 2 1/4; May 3.69 1/2, off 2 1/4; Jul 3.74 3/4, off 1 1/4.

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