Corn was off 3 1/4 to off 4, soybeans were up 3 1/2 to up 7, wheat was off 2 3/4 to off 3 1/4 and oats were off 1 1/2.
Corn futures closed lower despite a Mexican corn producers association predicting a drought will decrease production to about 21 million metric tons. Wheat prices fell with demand soft due to competitive prices in Europe.
Soybean futures rose with late harvest delays expected due to rain and snow.
The prices:
Corn: Dec 3.91, off 4; Mar 4.07, off 3 3/4; May 4.17, off 3 1/2; July 4.25 1/2, off 3 1/4.
Soybeans: Jan 10.46, up 7; Mar 10.50 1/4, up 5 1/2; May 10.50 1/2, up 4 1/4; Jul 10.53 1/2, up 3 1/2.
Wheat: Dec 5.59 3/4, off 2 3/4; Mar 5.80 3/4, off 3 1/4; May 5.92 1/4, off 3 1/4; Jul 6.02 3/4, off 3.
Oats: Dec 2.58; Mar 2.71 1/2; May 2.79 3/4; Jul 2.87 1/4 -- all off 1 1/2.
Copyright 2009 by United Press International.
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