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Grains mostly lower Friday in Chicago

June 15, 2012 at 6:51 PM   |   Comments

CHICAGO, June 15 (UPI) -- Grain futures were mostly lower on the Chicago Board of Trade Friday, with the dollar weaker for the third consecutive trading session.

With the dollar index off 0.35 percent to 81.59, corn was off 9 3/4 to off 22, soybeans were off 5 1/4 to off 10, wheat was off 14 to off 15 1/2 and oats were off 4 3/4 to up 2.

Corn prices moved lower, closing out the week with losses with traders concerned about the United States importing corn from Brazil. Funds were busy selling wheat Friday with traders hearing of too much rain in China's wheat producing areas and too much heat in the Black Sea region.

Soybeans found support from the lower dollar, concern about flooding in China and 120,000 metric Chi ton purchase by an unnamed buyer. China also bought 262,000 metric tons from U.S. sources.

The prices:

Corn: Jly 5.79 1/2 off 22, Sep 5.09 1/2 off 11 1/4, Dec 5.06 off 10, Mar 5.18 1/2 off 9 3/4.

Soybeans: Jly 13.76 off 10, Aug 13.57 off 6 3/4, Sep 13.32 off 2 1/4, Nov 13.14 off 5 1/4.

Wheat: Jly 6.09 1/2 off 14, Sep 6.26 3/4 off 14 1/2, Dec 6.51 1/4 off 15 1/4, Mar 6.71 off 15 1/2.

Oats: Jly 3.05 3/4 up 2, Sep 2.97 1/2 off 3 3/4, Dec 2.84 off 4 3/4, Mar 2.86 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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