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Grains mixed Tuesday

June 26, 2012 at 5:26 PM   |   Comments

CHICAGO, June 26 (UPI) -- Grain futures closed mixed Tuesday on the Chicago Board of Trade with profit taking prompted by beneficial rain in the five-day forecast for the Corn Belt.

Corn was up 15 to up 30, soybeans were off 11 1/2 to off 14 1/4, wheat was up 4 3/4 to up 7 and oats were up 20.

Corn prices rose as slightly wetter weather was forecast for northern Illinois, Indiana and Wisconsin, but drier weather expected in Missouri and eastern South Dakota.

Wheat started lower, but turned higher in late trading ahead of a Statistics Canada planting estimate scheduled for release Wednesday.

Soybean prices dropped with traders betting the U.S. Department of Agriculture will increase its acres planted estimate later this week.

The prices:

Corn: Jly 6.46 up 15, Sep 6.19 1/2 up 28 1/4, Dec 6.24 up 30, Mar 6.33 1/2 up 28 1/2.

Soybeans: Jly 14.70 1/2 off 12, Aug 14.55 1/2 off 11 1/2, Sep 14.25 3/4 off 14 1/4, Nov 14.13 1/4 off 12 1/4.

Wheat: Jly 7.29 up 4 3/4, Sep 7.47 up 6, Dec 7.66 1/4 up 7, Mar 7.81 1/4 up 6.

Oats: Jly 3.58 3/4 up 10, Sep 3.29 1/4 up 5 1/4, Dec 3.27 up 10, Mar 3.30 3/4 up 8 3/4.

© 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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