facebook
twitter
search
search

Grain futures slide Thursday

Dec. 27, 2012 at 5:59 PM

CHICAGO, Dec. 27 (UPI) -- Grain futures traded lower Thursday as fears of a budget impasse in Washington continued to create uncertainty in commodity markets.

On the Chicago Board of Trade, corn was off 1 3/4 to off 2 1/4, soybeans were off 2 1/2 to off 5 3/4, wheat off 3/4 to off 2 1/4 and oats were off 7 to off 7 1/4

Corn futures declined slightly with marginal pressure provided by the U.S. dollar -- the dollar index up 0.05 percent on the International Exchange.

Wheat prices slipped with no significant tenders issued in the holiday-shortened week.

Soybean futures dropped with the harvest in Brazil about a month away and traders expecting a slowdown in sales of U.S. soybeans.

The prices:

Corn: Mar 6.91 1/2 off 1 3/4, May 6.94 1/2 off 2, Jly 6.92 off 2 1/4, Sep 6.17 1/2 off 2.

Soybeans: Jan 14.18 3/4 off 5 3/4, Mar 14.14 off 4 1/2, May 14.05 off 4 1/4, Jly 14.01 1/2 off 2 1/2.

Wheat: Mar 7.72 1/4 off 2 1/4, May 7.82 1/4 off 2 1/4, Jly 7.90 off 1 1/2, Sep 8.03 1/2 off 3/4.

Oats: Mar 3.53 off 7, May 3.60 1/2 off 7 1/4, Jly 3.61 3/4 off 7, Sep 3.51 1/4 off 7.

Related UPI Stories
Latest Headlines
Trending Stories
Ted Cruz campaign pulls ad featuring softcore porn actress
Report: Clinton Foundation subpoenaed by State Dept. watchdog over charity projects
Ruby Rose, Gigi Hadid react to Kanye West's lyric about Taylor Swift
Kristen Wiig impersonates Peyton Manning on 'The Tonight Show'
NYC police officer found guilty of manslaughter in Brooklyn stairway shooting