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Grains mostly lower Thursday

Feb. 7, 2013 at 5:56 PM   |   Comments

CHICAGO, Feb. 7 (UPI) -- Grain futures prices closed mostly lower on the Chicago Board of Trade Wednesday, with the dollar index rising 0.65 percent on the International Exchange.

Corn was off 11 3/4 to off 14 1/4, soybeans were off 3/4 to off 8, wheat was off 5 1/2 to off 11 and oats were up 3 3/4 to up 5 1/2.

Corn prices shifted lower, with the dollar higher, equities down on Wall Street and export data that indicated slower demand. Wheat futures fell, with export sales at 73.5 percent of the U.S. Department of Agriculture forecast, down from the five year average of 81 percent. Soybean sales for export were at 93.5 percent of the forecast for the current marketing year, compared with a five year average of 78 percent.

The prices:

Corn: Mar 7.10 3/4 off 11 3/4, May 7.12 off 12, Jly 7.01 3/4 off 13, Sep 5.89 1/4 off 14 1/4.

Soybeans: Mar 14.86 3/4 off 3/4, May 14.73 1/4 off 4, Jly 14.62 1/4 off 6 1/4, Aug 14.31 1/2 off 8.

Wheat: Mar 7.56 off 5 1/2, May 7.63 1/4 off 6 1/4, Jly 7.63 1/2 off 8 3/4, Sep 7.71 3/4 off 11.

Oats: Mar 3.81 1/2 up 3 3/4, May 3.71 3/4 off 5, Jly 3.69 3/4 off 5 1/2, Sep 3.69 off 5 1/2.

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