facebook
twitter
rss
account
search
search
 

Grains turn lower Wednesday

Dec. 26, 2012 at 7:19 PM   |   Comments

CHICAGO, Dec. 26 (UPI) -- Grain futures traded dropped Wednesday on a light trading day between holidays.

On the Chicago Board of Trade, corn was off 9 to off 11, soybeans were off 15 1/4 to off 17 1/2, wheat off 18 3/4 to off 19 1/4 and oats were off 4 3/4 to off 5 3/4.

Corn started the day with gains, but moved lower in sympathy with soybeans. Wheat traded lower, with a lack of bullish news to support pricing. Soybeans traders backed away from long positions on concerns the U.S. economy could take a turn for the worse if a budget deal is not struck by New Year's Day in Washington.

The prices:

Corn: Mar 6.93 1/4 off 11, May 6.96 1/2 off 10 1/4, Jly 6.43 1/4 off 9 1/2, Sep 6.19 1/2 off 9.

Soybeans: Jan 14.24 1/2 off 15 1/4, Mar 14.18 1/2 off 17 1/4, May 14.09 1/4 off 17 1/2, Jly 14.04 off 17 1/2.

Wheat: Mar 7.74 1/2 off 19 1/4, May 7.84 1/2 off 19, Jly 7.91 1/2 off 18 3/4, Sep 8.04 1/4 off 18 3/4.

Oats: Mar 3.60 off 5, May 3.67 3/4 off 4 3/4, Jly 3.68 3/4 off 5 3/4, Sep 3.58 1/4 off 5 3/4.

© 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
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Norways Kongsberg to demo missile for U.S. Navy Norways Kongsberg to demo missile for U.S. Navy
2
Pizza Hut hoping the "Skinny Slice" will mean big bucks
3
E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover E-3 Sentry aircraft tipped for digital cockpit, avionic systems makeover
4
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
5
Saab producing vehicle protection system for unidentified customer Saab producing vehicle protection system for unidentified customer
Trending News
Video
x
Feedback