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Chi-town grain futures down Monday

Oct. 15, 2012 at 6:13 PM   |   Comments

CHICAGO, Oct. 15 (UPI) -- Grain futures closed lower on the Chicago Board of Trade Monday with the dollar flat and equities finding traction on Wall Street.

Corn was off 15 1/4 to off 15 1/2, soybeans were off 21 1/2 to off 30 1/4, wheat was off 8 1/4 to off 8 3/4 and oats were off 3 1/4 to off 4.

There were no major reports issued that would sway markets Monday, but a stronger dollar early in the day put pressure on prices. Corn and soybeans dropped in double digits with sentiment hung over from last week's report on feed lots importing corn from South America.

Wheat prices dropped with export inspections lower than expected for the week -- only 7 million bushels reported.

Soybeans prices dropped with traders expecting solid production figures from South America this year.

Corn: Dec 7.37 1/4 off 15 1/2, Mar 7.37 1/4 off 15 1/2, May 7.31 3/4 off 15 1/2, Jly 7.25 1/4 off 15 1/4.

Soybeans: Nov 14.92 1/2 off 30, Jan 14.91 3/4 off 30 1/4, Mar 14.66 off 26, May 14.28 1/4 off 21 1/2.

Wheat: 8.48 1/4 off 8 1/2, Mar 8.60 1/2 off 8 3/4, May 8.64 off 8 3/4, Jly 8.33 off 8 1/4.

Oats: Dec 3.88 off 4, Mar 3.91 off 4, May 3.90 1/4 off 3 1/4, Jly 3.89 3/4 off 3 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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