facebook
twitter
rss
account
search
search
 

Grains caught in global malaise

May 9, 2012 at 6:59 PM   |   Comments

CHICAGO, May 9 (UPI) -- Grain futures closed lower on the Chicago Board of Trade Wednesday as outside market forces and a higher dollar put pressure on commodities.

Corn was off 11 to off 24 3/4, soybeans were off 8 to off 10, wheat was off 13 1/2 to off 17 3/4 and oats were off 1/4 to off 1 3/4.

Corn prices fell with the dollar index up 0.36 percent and equities struggling to make headway in Asia, Europe and the United States -- and mostly not succeeding. Wheat prices fell as traders sought new positions in advanced of Thursday's supply and demand report. Soybean futures dropped as debt issues in Europe threatened to escalate in the wake of Sunday's election in Greece.

The prices:

Corn: May 6.41 1/4 off 24 3/4, Jly 6.07 1/4 off 15 3/4, Sep 5.27 off 11, Dec 5.16 3/4 off 11 1/4.

Soybeans: May 14.27 3/4 off 10, Jly 14.30 1/4 off 8, Aug, 14.16 1/4 off 9, Sep 13.63 off 8 1/4.

Wheat: May 5.91 1/4 off 17 3/4, Jly 6.00 off 15, Sep 6.14 3/4 off 14 1/4, Dec 6.39 off 13 1/2.

Oats: May 3.32 off 1/4, Jly 3.36 off 1 3/4, Sep 3.40 1/2 off 1, Dec 3.4 off 1/2.

© 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.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback