Grain futures lower on China data

• Tweet

CHICAGO, April 13 (UPI) -- Grain futures dove Friday on the Chicago Board of Trade on disappointing economic data out of China.

Corn was off 8 1/4 to off 9 3/4, soybeans were off 3 3/4 to off 7 1/2, wheat was off 12 1/4 to off 15 3/4 and oats were off 2 to off 6 1/4.

Corn closed out the week near weekly lows following disappointing data on China's first-quarter gross domestic product, record planting and the USDA leaving old-crop carryover estimates unchanged. Soybeans were pressured by equity markets and long liquidation selling as well as prospects for slower growth in China and debt concerns for Spain. Wheat was sharply lower but remained above key support levels.

The prices:

Corn: May 6.29 1/4 off 8 1/4, Jly 6.20 3/4 off 8 1/4, Sep 5.55 1/2 off 9, Dec 5.37 off 9 3/4.

Soybeans: May 14.36 3/4 off 4 1/4, Jly 14.40 3/4 off 3 3/4, Aug 14.24 3/4 off 7 1/4, Sep 13.91 3/4 off 7 1/2.

Wheat: May 6.23 1/2 off 15 3/4, Jly 7.30 1/4 off 14 1/2, Sep 6.44 1/2 off 12 1/2, Dec 6.65 1/4 off 12 1/4.

Oats: May 3.27 3/4 off 6 1/4, Jly 3.31 off 6, Sep 3.33 off 3, Dec 3.36 off 2.