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Grains mostly lower, corn higher Tuesday

CHICAGO, April 5 (UPI) -- Corn futures rose marginally, while other grain futures fell Tuesday on the Chicago Board of Trade with the dollar index flat, rising 0.04 percent.

Corn was up 1 1/4 to up 6 1/2, soybeans were off 9 3/4 to off 10 3/4, wheat was off 3 3/4 to off 5 1/2 and oats were off 3 1/4 to off 5 3/4.

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Corn futures rose as the U.S. Grains Council reported inventories in China are as much as 12 million metric tons less than previously reported. The U.S. Department of Agriculture also reported a sale of 101,600 metric tons to an unnamed buyer. Wheat futures lost ground with support from Monday's USDA crop progress report that showed conditions for the winter wheat crop below average. In Texas, none of the winter wheat crop is listed in excellent shape.

Soybean prices fell as the People's Bank of China -- policy makers for a critical market -- raised interest rates to slow inflation.

The prices:

Corn: May 7.66 3/4 up 6 1/2, Jly 7.73 3/4 up 6 1/4, Sep 7.03 3/4 up 2 3/4, Dec 6.46 3/4 up 1 1/4.

Soybeans: May 13.73 1/4 off 10 3/4, Jly 13.84 3/4 off 10 1/2, Aug 13.86 1/4 off 10 1/4, Sep 13.83 off 9 3/4.

Wheat: 7.86 1/4 off 3 3/4, Jly 8.22 3/4 off 4, Sep 8.60 1/4 off 5 1/2, Dec 8.90 1/2 off 5.

Oats: May 3.91 1/2 off 5 3/4, Jly 3.99 off 5, Sep 4.03 off 4, Dec 4.07 1/2 off 3 1/4.

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