CHICAGO, Oct. 18 (UPI) -- Grain futures closed mixed Tuesday on the Chicago Board of Trade as China's gross domestic product came in under expectations for the third quarter.
Corn was unchanged to up 3 1/2, soybeans were off 2 1/4 to off 5 1/4, wheat was off 3 to up 1 and oats were off 1/2.
Corn prices were mixed as equities rebounded on Wall Street and the dollar index was flat, falling 0.06 percent. China's gross domestic product came in at 9.1 percent, less than the 9.3 percent forecast, which put pressure on a slew of commodities, including grains. Wheat futures traded on both sides of breaking even with Taiwan tendering to buy 43,950 metric tons from U.S. sources. Soybean futures were pressured by the harvest, not 69 percent complete, a sizable jump from 51 percent completion a week earlier.
The prices:
Corn: Dec 6.44 up 3 1/2, Mar 6.52 3/4 up 1 1/2, May 6.58 1/4 up 1/4, Jly 6.62 1/4 unchanged.
Soybeans: Nov 12.50 3/4 off 2 1/4, Jan 12.56 1/4 off 4 1/4, Mar 12.62 1/2 off 5 1/4, May 12.66 1/2 off 4 1/2.
Wheat: Dec 6.25 1/4 up 1, Mar 6.56 1/4 off 1 3/4, May 6.78 off 3, Jly 6.94 1/4 off 2 1/2.
Oats: Dec 3.39, Mar 3.49, May 3.55 1/2, Jly 3.61 1/2 -- all off 1/2.
