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Grains mixed Tuesday

Oct. 23, 2012 at 4:47 PM

CHICAGO, Oct. 23 (UPI) -- Grain futures closed mixed on the Chicago Board of Trade Tuesday as the dollar index rose 0.47 percent to 79.92 on the International Exchange.

Corn was off 3/4 to off 5 1/4, soybeans were up 1/4 to up 6 3/4, wheat was off 5 to off 9 1/2 and oats were off 8 1/4 to off 9 1/2.

Corn prices slipped as exporters swapped 270,000 metric tons headed for Mexico with non-U.S. source corn. Wheat futures closed lower, but price support is building on repeated reports of dry weather slowing winter wheat emergence. In the soybean market, prices found support as Argentina was expected to see heavy rainfall for the next 10 days.

On Wall Street, equities fell sharply for the second trading session out of the past three, sapping confidence from commodities.

The prices:

Corn: Dec 7.56 off 5 1/4, Mar 7.56 off 3 1/4, May 7.51 1/4 off 2, Jly 7.44 off 3/4.

Soybeans: Nov 15.53 1/4 up 6 3/4, Jan 15.55 3/4 up 6 1/2, Mar 15.20 3/4 up 3, May 14.74 1/4 up 1/4.

Wheat: 8.68 3/4 off 9 1/2, Mar 8.82 off 8 1/4, May 8.86 1/4 off 7 1/4, Jly 8.51 1/2 off 5.

Oats: Dec 3.86 off 9 1/2, Mar 3.90 1/4 off 8 3/4, May 3.89 1/2 off 8 1/4, Jly 3.89 off 8 1/4.

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