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Grain markets mostly higher on CBOT

May 25, 2012 at 4:15 PM   |   Comments

CHICAGO, May 25 (UPI) -- Grain markets closed mostly higher Friday on the Chicago Board of Trade.

Corn was steady to up 8 1/4, soybeans were up 4 3/4 to up 13 1/4, wheat was up 10 1/4 to up 17, oats were off 8 1/2 to off 10 1/4.

Weather gave a boost to corn after a day of choppy trade on slow export demand and outside economic concerns. Traders expect next week's crop report to show a drop in good to excellent crop ratings due to warm, dry, windy weather in Iowa, Illinois, Indiana and Ohio. Weather also gave a boost to soybeans and wheat, although rain is forecast to develop across the Corn Belt and mid-South.

The prices:

Corn: Jly 5.78 1/2 unc; Sep 5.26 1/2 up 8 1/4; Dec 5.21 up 6; Mar 5.32 3/4 up 6 1/4.

Soybeans: Jly 13.82 up 6; Aug 13.62 up 5 3/4; Sep 13.21 3/4 up 8 1/2; Nov 12.89 1/4 up 13.

Wheat: Jly 6.80 up 17; Sep 6.94 1/2 up 16 1/4; Dec 7.15 1/2 up 15 1/2; Mar 7.38 up 14.

Oats: Jly 2.96 1/4 off 8 3/4; Sep 2.99 3/4 off 9 1/4; Dec 3.06 off 9 1/2; Mar 3.13 1/4 off 10 1/4.

© 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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