facebook
twitter
search
search

Prices mostly lower Friday on CBOT

Aug. 31, 2012 at 5:00 PM

CHICAGO, Aug. 31 (UPI) -- Profit-taking took its toll on futures prices on the Chicago Board of Trade Friday ahead of the long Labor Day weekend.

Corn was off 6 1/2 to off 8 3/4, soybeans were off 4 to off 7, wheat was off 10 to off 13 1/2 and oats were up 1 to up 2 1/4.

Pressure from wheat and a looming three-day weekend sent corn traders into profit-taking mode, sending prices sharply lower. Technical selling and spread pressure contributed to the negative tone.

After hitting an all-time high Thursday, soybeans sank under pressure from corn and wheat.

Wheat slipped on a lack of evidence Russia would impose wheat export restrictions, prompting traders to take profits ahead of the Labor Day weekend.

The prices:

Corn: Sep 8.02 3/4 off 8 3/4, Dec 7.99 3/4 off 8 3/4, Mar 8.02 off 6 3/4, May 7.95 off 6 1/2.

Soybeans: Sep 17.64 1/2 off 5 3/4, Nov 17.56 1/2 off 7, Jan 17.51 off 6 1/2, Mar 16.84 1/4 off 4.

Wheat: Sep 8.70 off 13 1/2, Dec 8.89 1/2 off 13 1/2, Mar 8.99 1/2 off 11 1/2, May 8.95 off 10.

Oats: Sep 3.88 1/2 up 1, Dec 3.97 1/2 up 2 1/4, Mar 3.97 up 2, May 3.96 up 1 1/4.

Related UPI Stories
Latest Headlines
Trending Stories
Rapper DMX found unconscious, revived by New York police
Alaska woman claims McDonald's Happy Meal hasn't aged in six years
N.H. primary polls open: Kasich, Sanders get early leads
5 Reasons why Denver Broncos won't be repeat champions
Exposure to flashing light may prevent jet lag