CHICAGO, July 2 (UPI) -- Corn, soybeans, wheat and oat prices closed higher Monday on the Chicago Board of Trade with weather dominating the mood in grain markets.
Corn was up 20 to up 23 3/4, soybeans were up 10 1/4 to up 19 1/2, wheat was up 13 to up 15 1/2 and oats were up 8 3/4 to up 10.
Hot, dry weather is continuing to stress corn, although the 10-day forecast shows a chance of rain in the Eastern Corn Belt. Jordan issued a tender for 100,000 metric tons of wheat Monday. In the soybean market, the lack of rain is also a strong pricing fundamental, but there is discussion that heat and humidity could bring about intermittent thunderstorms.
The prices:
Corn: Jly 6.92 1/2 up 20, Sep 6.52 1/4 up 23 3/4, Dec 6.55 3/4 up 21, Mar 6.64 3/4 up 20 1/4.
Soybeans: Jly 15.32 1/4 up 19 1/2, Aug 14.94 1/4 up 12 1/2, Sep 14.62 1/2 up 12 1/4, Nov 14.38 up 10 1/4.
Wheat: Jly 7.54 1/2 up 15 1/2, Sep 7.72 1/2 up 15 1/4, Dec 7.90 3/4 up 14, Mar 8.04 up 13.
Oats: Jly 3.46 up 10, Sep 3.47 1/4 up 9 1/4, Dec 3.54 up 10, Mar 3.58 up 8 3/4.
