facebook
twitter
search
search

Most grain futures close lower Thursday

Aug. 2, 2012 at 5:05 PM

CHICAGO, Aug. 2 (UPI) -- Grain futures closed mostly lower on the Chicago Board of Trade Thursday as the dollar rose 0.31 percent.

Corn was off 3/4 to off 6 1/2, soybeans were off 10 1/2 to off 29 1/4, wheat was off 14 1/4 to off 18 1/4 and oats were up 1/2 to up 1 1/2.

Corn prices fell as the dollar's influence outweighed price support provided by a 1.5 million metric ton sale to Mexico. Wheat futures also dropped, although rain in the Black Sea wheat growing region was seen as too late to reverse damage from a prolonged drought. Rain is in the forecast in another drought-stricken region, the Midwest, but it is expected to be scattered and light -- not a great help to either corn, soybeans or wheat.

The prices:

Corn: Sep 7.94 off 6 1/2, Dec 7.95 3/4 off 4 3/4, Mar 7.97 1/2 off 1 1/2, May 7.91 off 3/4.

Soybeans: Aug 16.53 off 29 1/4, Sep 16.23 1/2 off 15 1/4, Nov 16.16 1/2 off 12 1/2, Jan 16.10 1/4 off 10 1/2.

Wheat: Sep 8.65 off 14 1/2, Dec 8.79 1/2 off 14 1/4, Mar 8.84 1/2 off 14 1/4, May 8.62 1/2 off 18 1/4.

Oats: Sep 3.71 3/4 up 3/4, Dec 3.72 1/2 up 1/2, Mar 3.74 up 1 1/2, May 3.75 3/4 up 1 1/2.

Related UPI Stories
Latest Headlines
Trending Stories
Einstein vindicated: Scientists find gravitational waves
Vatican: Bishops not required to report abuse to police
Nicola Griffin to appear in Sports Illustrated swimsuit issue at 56
Dementia rates decline in U.S., researchers unsure why
'El Chapo' drug empire's alleged financial operator arrested in Mexico