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Grains mixed in Chicago

Nov. 16, 2012 at 7:45 PM   |   Comments

CHICAGO, Nov. 16 (UPI) -- Grain futures closed mixed to end the trading week on the Chicago Board of Trade Friday.

Corn was up 5 3/4 to up 6 1/2, soybeans were off 10 3/4 to off 18 3/4, wheat was off 7 1/2 to off 8 3/4 and oats were unchanged to up 5 1/2.

Corn closed down for the week, but found support from the Environmental Protection Agency's rejection of an ethanol waiver that would have sidestepped the Renewable Fuels Standard.

Wheat prices continued a downward trend, closing lower with pressure from the dollar, which rose broadly in Asia and Europe.

Wheat prices were also dragged down by the soybean market, although corn provided some spillover support.

Today's prices:

Corn: Dec 7.27 up 5 3/4, Mar 7.31 up 6, May 7.26 3/4 up 6 1/2, Jly 7.15 1/4 up 6 1/2.

Soybeans: Nov 13.83 1/4 off 18 3/4, Jan 13.68 off 16, Mar 13.51 1/2 off 10 3/4, May 13.43 1/2 off 11.

Wheat: Dec 8.38 off 7 1/2, Mar 8.53 3/4 off 7 1/2, May 8.60 1/4 off 7 1/2, Jly 8.45 3/4 off 8 3/4.

Oats: 3.64 1/2 unchanged, Mar 3.74 1/2 up 1/2, May 3.77 1/4 up 2, Jly 3.79 1/4 up 5 1/2.

© 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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