facebook
twitter
rss
account
search
search
 

Corn, wheat sharply higher on CBOT

July 12, 2012 at 6:27 PM   |   Comments

CHICAGO, July 12 (UPI) -- Corn futures closed sharply higher Thursday, snapping a two-day losing streak on the Chicago Board of Trade, as drought concerns came back into play.

Corn was up 20 1/2 to up 28 1/4, soybeans were up 1 to up 6 1/2, wheat was up 19 to up 25 and oats were up 5 3/4 to up 6 1/4.

Rain may be headed to Iowa but high temperatures are setting the stage for poor corn pollination, analysts said. Wheat was higher on global concerns and talk of higher feed demand for livestock. Soybeans followed corn and wheat higher on a quiet trading day.

The prices:

Corn: Jly 7.71 1/4 up 20 1/2, Sep 7.31 1/4 up 27 1/4, Dec 732 1/4 up 28 1/4, Mar 7.34 1/2 up 26 1/4.

Soybeans: Jly 16.25 3/4 up 2 3/4, Aug 15,72 1/2 up 1, Sep 14.45 1/2 up 4 3/4, Nov 15.29 up 6 1/2.

Wheat: Jly 8.32 3/6 up 25, Sep 8.46 3/4 up 20 1/2, Dec 8.59 3/4 up 21 1/2, Mar 8.69 up 22 1/2.

Oats: 3.67 3/4 up 6 1/4, Sep 3.70 1/2 up 6 1/4, Dec 3.72 up 5 3/4, Mar 3.76 1/4 up 5 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.
Most Popular
1
GM recalls 221,000 Cadillacs and Impalas GM recalls 221,000 Cadillacs and Impalas
2
New National Security Cutter delivered to Coast Guard New National Security Cutter delivered to Coast Guard
3
First MT30 engine for Korean Navy frigates passes acceptance tests First MT30 engine for Korean Navy frigates passes acceptance tests
4
Ukraine's State Guard Service receives armored personnel carriers Ukraine's State Guard Service receives armored personnel carriers
5
Navy's Triton surveillance drone flies cross-country Navy's Triton surveillance drone flies cross-country
Trending News
Video
x
Feedback