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Grains close higher

Nov. 26, 2012 at 6:00 PM   |   Comments

CHICAGO, Nov. 26 (UPI) -- Grain futures prices closed higher on the Chicago Board of Trade Monday with the U.S. dollar index flat, dropping 0.05 percent to 80.24.

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

Corn prices closed higher on an export report that came out Friday, while many traders were taking a holiday day off. Wheat found support from continued poor conditions for the fall planted winter wheat crop. Soybean meal headed higher, helped by a surge in soybean oil sales.

The prices:

Corn: Dec 7.47 1/4 up 1 3/4, Mar 7.51 1/4 up 1 1/2, May 7.48 3/4 up 2, Jly 7.40 1/4 up 2 3/4.

Soybeans: Jan 14.24 3/4 up 6, Mar 14.12 1/4 up 9 1/4, May 13.92 1/4 up 9 1/2, Jly 13.85 1/2 up 9 1/4.

Wheat: Dec 8.49 up 1 1/4, Mar 8.63 3/4 up 2 1/4, May 8.70 1/2 up 2 1/2, Jly 8.59 1/4 up 5.

Oats: Dec 3.68 3/4 off 1/4, Mar 3.85 1/4 up 2 1/4, May 3.87 1/2 up 2 3/4 Jly 3.88 1/4 up 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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