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Grain prices mostly higher

Feb. 15, 2013 at 7:23 PM

CHICAGO, Feb. 15 (UPI) -- Grain futures closed mostly higher Friday on the Chicago Board of Trade.

Corn was down 3/4 to up 4 1/4, soybeans were up 5 3/4 to up 6 1/2, wheat was up 6 1/2 to up 10 1/4, oats were off 1 to up 5 3/4.

Nearby corn futures were higher for the day on increased demand and ideas recent losses were overdone.

Soybeans were mostly higher for the day but still lower for the week as the market suffered from the pressure of favorable growing weather in South America and canceled exports.

Wheat futures were higher for the day but ended the week lower. Short-covering is expected for next week unless a rally develops in corn and soybeans, analysts said.

The prices:

Corn: Mar 6.98 3/4 up 4, May 6.97 up 4 1/2, Jly 6.85 1/4 up 3, Sep 5.82 1/4 off 3/4.

Soybeans: Mar 14.24 1/2 up 6 1/2, May 14.14 3/6 up 6 1/4, Jly 14.04 3/4 up 5 1/2, Aug 13.69 up 5 3/4.

Wheat: Mar 7/43 1/4 up 10 1/4, May 7.48 1/2 up 8 1/4, Jly 7.51 up 7 1/4, Sep 7.60 up 6 1/2.

Oats: Mar 3.79 off 1, May 3.79 1/2 up 4 1/2, Jly 3.78 1/4 up 5 3/4, Sep 3.73 up 1 1/4.

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