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Grain futures close higher

Tue, 11/10/2009 - 09:27 by Rakhi Kaptiyal

Chicago -- Grain futures closed higher on the Chicago Board of Trade Monday, as the dollar split, fell against the euro and equities soared in New York.

Corn was up 19 to up 10 1/2, soybeans were up 16 1/4 to up 20, wheat was up 22 3/4 to up 23 1/2 and oats were
Corn futures rose despite favorable harvest weather in the Corn Belt. Wheat prices rose with total marketing year inspections to-date at 42 percent of the U.S. Department of Agriculture forecast. Soybeans futures rose in sympathy with crude oil, which added $1.82 per barrel Monday to $79.25 per barrel.

The prices

Corn: Dec 3.86, up 19; Mar 4.00 1/4, up 19 1/4; May 4.10 1/4, up 19 1/4; Jul 4.19, up 19 1/2.

Soybeans: Nov 9.64 1/4, up 16 1/4; Jan 9.72, up 17; Mar 9.78, up 17 3/4; May 9.81 1/4, up 20.

Wheat: Dec 5.20, up 22 3/4; Mar 5.40, up 22 3/4; May 5.53 1/4, up 22 3/4; Jul 5.65 1/4, up 23 1/2.

Oats: Dec 2.58 1/2, up 4 1/2; Mar 2.72, up 4 1/2; May 2.80 1/2, up 4 1/2; Jul 2.88 1/2, up 4 1/2.

Copyright 2009 by United Press International.

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