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Grains mixed with dollar lower

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Published: June 13, 2012 at 6:35 PM

CHICAGO, June 13 (UPI) -- Grain futures were mixed on the Chicago Board of Trade Wednesday, with the dollar weaker across Asia and Europe.

With the dollar index off 0.23 percent to 82.20, corn was off 12 to up 8 1/2, soybeans were off 17 1/4 to off 26 3/4, wheat was unchanged to off 1/2 and oats were unchanged to up 10.

Corn futures were split with July contract higher, contrary to a general trend lower due to improved weather forecasts, which call for beneficial rains.

Wheat prices were little changed with exports slack and the harvest ongoing.

The dollar supported soybean prices, but pressure came from reports of slower than expected economic growth in China.

The prices:

Corn: Jly 5.92 1/2 up 8 1/2, Sep 5.15 off 11 1/2, Dec 5.10 1/2 off 12, Mar 5.22 1/2 off 12.

Soybeans: Jly 14.08 1/4 off 26 3/4, Aug 13.77 3/4 off 23 1/2 , Sep 13.43 1/4 off 20 3/4, Nov 13.19 3/4 off 17 1/4.

Wheat: Jly 6.16 unchanged, Sep 6.34 1/4 off 1/2, Dec 6.59 1/2 unchanged, Mar 6.80 1/4 off 1/2.

Oats: Jly 3.05 3/4 up 10, Sep 2.99 up 8 3/4, Dec 2.80 up 4, Mar 2.82 1/4 unchanged.

© 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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