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Grain futures close mixed Monday

August 10, 2009

Grain futures closed mixed on the Chicago Board of Trade Monday, as a stock indexes closed lower on Wall Street.

Corn was up 2 1/4 to up 4, soybeans were off 14 to off 28 1/2, wheat was up 3 to up 4 3/4 and oats were off 3 to off 4 1/2.

Corn futures rose as Egypt purchased 120,000 metric tons from U.S. sources Monday. Wheat rose, although traders held back in anticipation of the U.S. Department of Agriculture Crop Production Report, due Wednesday. Soybean futures closed lower with hot weather expected in the Midwest this week.

The prices:

Corn: Sep 3.24 1/4, up 2 1/4; Dec 3.30 1/2, up 4; Mar 3.44, up 4; May 3.53 1/4, up 3 3/4.

Soybeans: Aug 11.70 1/2, off 14; Sep 10.67 1/2, off 23; Nov 10.10, off 28 1/2; Jan 10.14 1/4, off 27.

Wheat: Sep 4.94 1/4, up 4 3/4; Dec 5.20, up 3 1/4; Mar 5.39 1/4, up 3 1/4; May 5.51 1/4, up 3.

Oats: Sep 1.94 3/4, off 4 1/2; Dec 2.08, off 3; Mar 2.20 1/2, off 3; May 2.28 1/2, off 3.


Source: upi



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