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Grains mixed to close the week

May 4, 2012 at 6:04 PM   |   Comments

CHICAGO, May 4 (UPI) -- Grain futures were mixed on the Chicago Board of Trade Friday with traders focused on an early planting season helped in the Corn Belt by beneficial rains.

Corn was off 5 1/4 to up 11 1/2, soybeans were off 1 3/4 to up 6 1/4, wheat was off 4 1/2 to off 8 3/4 and oats were off 4 1/2 to off 6.

The early growing season continues to put pressure on corn prices, especially with this week's beneficial rains. Wheat prices shed Thursday's gains with the dollar index up 0.38 percent. Soybean futures traded up and down with traders essentially betting on how long China's buying spree will continue.

The prices:

Corn: May 6.62 1/4 up 11 1/2, Jly 6.20 1/4 up 5 3/4, Sep 5.35 1/4 off 2 1/4, Dec 5.24 1/4 off 5 1/4.

Soybeans: May 14.75 up 6 1/4, Jly 14.78 1/4 up 4 3/4, Aug, 14.58 1/4 up 5 3/4, Sep 13.98 1/4 off 1 3/4.

Wheat: May 6.03 3/4 off 4 1/2, Jly 6.09 1/2 off 6, Sep 6.24 1/4 off 7 1/4, Dec 6.48 off 8 3/4.

Oats: May 3.31 1/2 off 4 1/2, Jly 3.40 off 4 1/2, Sep 3.43 3/4 off 4 1/4, Dec 3.47 off 6.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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