facebook
twitter
rss
account
search
search
 

Export woes hurt corn, soybean prices

Dec. 20, 2012 at 7:25 PM   |   Comments

CHICAGO, Dec. 20 (UPI) -- Grain futures closed lower in Chicago Thursday under export pressure from corn and soybeans.

On the Chicago Board of Trade, corn was off 6 1/2 to off 9 3/4 cents, soybeans were off 22 3/4 to off 28 1/4 cents, wheat was off 15 1/4 to off 15 1/2, oats were off 14 1/2 to off 15 1/2.

Soybeans were lower on news China had canceled major soybean purchases this week. Corn followed soybeans on spillover, as well as the corn market's own export concerns.

Wheat was lower on spillover pressure from soybeans and needed precipitation in the U.S. Central Plains.

The prices:

Corn: Mar 6.97 off 6 1/2, May 6.99 3/4, Jly 6.97 1/4 off 8 1/2, Sep 6.22 2/4 off 9 1/4.

Soybeans: Jan 14.08 3/4 off 28 1/4, Mar 14.04 3/4 off 26 1/4, May 13.94 3/4 off 24 3/4.

Wheat: Mar 7.90 1/2 off 15 1/4, May 8.02 off 15 1/4, Jly 8.07 3/4 off 15 1/4, Sep 8.18 1/2 off 15 1/2.

Oats: Mar 3.59 3/4, May 3.67 1/4 off 15 1/4, Jly 3.69 1/4 off 14 1/2, Sep 3.58 3/4 off 14 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.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
2
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
3
Pay up, Gazprom tells Ukraine Pay up, Gazprom tells Ukraine
4
$3 gas could make a comeback $3 gas could make a comeback
5
Starbucks testing smaller Frappuccinos Starbucks testing smaller Frappuccinos
Trending News
Video
x
Feedback