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Grains futures mostly lower Monday

Sept. 24, 2012 at 4:20 PM   |   Comments

CHICAGO, Sept. 24 (UPI) -- Grain futures were mostly lower Monday on the Chicago Board of Trade, as equity markets were flat or lower and the dollar stronger across Europe.

Corn was off 2 to off 3 1/2, soybeans were off 5 3/4 to off 11 3/4, wheat was off 1 1/4 to off 7 and oats were up 1/2 to up 2 1/4.

Corn prices slipped as the poor quality of much of the U.S. crop is prompting a rush to market of freshly harvested corn. Wheat futures were flat to of modestly lower in sympathy with corn and soybeans. The stronger dollar sparked soybean sales Monday.

The prices:

Corn: Dec 7.44 3/4 off 3 1/2, Mar 7.48 3/4 off 2 1/4, May 7.47 1/4 off 2 1/2, Jly 7.40 1/4 off 2.

Soybeans: Nov 16.10 off 11 3/4, Jan 16.11 off 11, Mar 15.72 1/4 off 7 1/4, May 15.20 1/4 off 5 3/4.

Wheat: Dec. 8.92 off 5 1/4, Mar 9.03 3/4 off 4 1/4, May 9.04 1/4 off 1 1/4, Jly 8.64 1/2 off 7.

Oats: Dec 3.76 1/2 up 1/2, Mar 3.82 1/4 up 1 1/4, May 3.83 1/4 up 2 1/4, Jly 3.81 1/2 up 2 1/4.

© 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.
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