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Grains mixed Tuesday

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Published: Sept. 4, 2012 at 6:14 PM

CHICAGO, Sept. 4 (UPI) -- Grain futures closed mixed on the Chicago Board of Trade Tuesday with the dollar flat after a long Labor Day weekend.

Corn was up 4 1/4 to up 7 3/4, soybeans were up 6 1/2 to up 27 3/4, wheat was off 4 to up 2 1/2 and oats were off 2 1/4 to off 2 1/2.

Corn found support from Japan's purchase of 180,000 metric tons of U.S. corn, while the dollar index rose 0.15 percent to 81.34 on the International Exchange. Wheat trading was choppy Tuesday with early export orders fading with customers finding alternatives cheaper than U.S. sources. In the soybean market, support came from low pod counts and talk of smaller-than-expected yields for this year.

The prices:

Corn: Sep 8.07 up 4 1/4, Dec 8.05 up 5 1/4, Mar 8.07 3/4 up 5 3/4, May 8.02 3/4 up 7 3/4.

Soybeans: Sep 17.71 up 6 1/2, Nov 17.68 1/4 up 11 3/4, Jan 17.66 1/4 up 15 1/4, Mar 17.12 up 27 3/4.

Wheat: Sep 8.66 off 4, Dec 8.88 3/4 off 3/4, Mar 8.99 1/2 unchanged, May 8.97 1/2 up 2 1/4.

Oats: Sep 3.86 1/4 off 2 1/4, Dec 3.95 1/4 off 2 1/4, Mar 3.94 1/2 off 2 1/2, May 3.93 1/2 off 2 1/2.

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