Grain futures mixed in Chicago Monday

Dec. 3, 2012 at 5:23 PM   |   0 comments

CHICAGO, Dec. 3 (UPI) -- Grain futures prices closed mixed Monday on the Chicago Board of Trade with the dollar index down 0.4 percent to 79.91 on the International Exchange.

Corn was up 1 to up 2 3/4, soybeans were up 15 to up 17 1/4, wheat was off 1 3/4 to off 2 3/4 and oats were off up 5 3/4 to up 6 1/4.

Corn prices rose modestly with help from the dollar. Wheat prices fell, maintaining the U.S. price advantage over Europe as traders wait for Ukraine to move on an export ban due to the extended summer drought.

Wheat prices also found support from Egypt, which purchased 400,000 metric tons last weekend, 280,000 from U.S. sources.

Soybeans futures rose on expectation of an upswing in demand from China.

The prices:

Corn: Dec 7.49 up 1, Mar 7.54 3/4 up 2, May 7.54 1/4 up 2 1/4, Jly 7.47 up 2 3/4.

Soybeans: Jan 14.53 3/4 up 15, Mar 14.48 1/4 up 15 3/4, May 14.27 up 17 1/4, Jly 14.16 3/4 up 16 1/4.

Wheat: Dec 8.42 off 2 3/4, Mar 8.60 3/4 off 2 3/4, May 8.69 1/4 off 2 3/4, Jly 8.68 3/4 off 1 3/4.

Oats: Dec 3.66 3/4 up 6, Mar 3.84 1/2 up 5 3/4, May 3.89 up 6 1/4, Jly 3.88 1/2 up 6 1/4.

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