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Grain futures mostly higher Monday

Tue, 12/01/2009 - 09:34 by Rakhi Kaptiyal

Chicago -- Corn, wheat and soybean futures closed higher on the Chicago Board of Trade Monday as the dollar continued to weaken against the euro and the yen.

Corn was up 3 to up 5 1/2, soybeans were up 7 1/4 to up 9, wheat was up 17 to up 19 and oats were off 1/2 to off 1.

Corn futures closed higher with the dollar losing ground and fair harvest weather in the forecast. Wheat prices rose with exports below expectations for the week. Soybean rallied despite high stocks due to the near-completion of the 2009 harvest.

The prices:

Corn: Dec 4.02 3/4, up 5 1/2; Mar 4.17 1/2, up 4; May 4.27 1/4, up 3 1/4; Jul 4.35 3/4, up 3.

Soybeans: Jan 10.60 1/2, up 7 1/2; Mar 10.66, up 7 1/4; May 10.68 3/4, up 8 1/2; Jul 10.74 1/2, up 9.

Wheat: Dec 5.67 1/2, up 18 3/4; Mar 5.86 3/4, up 19; May 6.00 1/2, up 18 1/4; Jul 6.10 1/4, up 17.

Oats: Dec 2.54 1/2, off 1/2; Mar 2.67 1/2, off 1; May 2.75 3/4, off 1; Jul 2.83 1/4, off 1.

Copyright 2009 by United Press International.

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