Grains close week higher

• Tweet

CHICAGO, July 27 (UPI) -- U.S. grain futures closed higher on the Chicago Board of Trade Friday, as the dollar index fell 0.25 percent and equities were made gains on Wall Street.

Corn was up 12 3/4 to up 17 1/4, soybeans were up 28 1/2 to up 36 1/4, wheat was up 12 3/4 to up 14 and oats were up 5 3/4 to up 7 1/2.

Corn prices rose after rains swept through the drought-stricken Midwest Thursday, giving a restless spin to two days of trading. Drier weather is back in the forecast for most of the Corn Belt.

Wheat futures also gained as traders digested reports that Russia would release state holdings of wheat to ease price pressure. The soybean market moved higher on a bullish 15-30 day weather forecast.

The prices:

Corn: Sep 7.98 1/2 up 17 1/4, Dec 7.93 1/4 up 17, Mar 7.87 1/2 up 14 1/4, May 7.81 up 12 3/4.

Soybeans: Aug 16.84 1/4 up 28 1/2, Sep 16.27 3/4 up 31 1/4, Nov 16.01 3/4 up 34 1/4, Jan 15.91 1/4 up 36 1/4.

Wheat: Sep 8.98 up 14, Dec 9.11 1/4 up 14, Mar 9.13 up 12 3/4, May 8.95 3/4 up 13 1/4.

Oats: Sep 3.77 up 7 1/2, Dec 3.79 3/4 up 7, 3.84 1/2 up 7, May 3.87 up 5 3/4.