Grains climb Thursday on weak dollar

Chicago -- Grain futures closed higher on the Chicago Board of Trade Thursday with the dollar's weakness supporting gold, oil and agricultural commodities.

Corn was up 15 3/4 to up 16 1/2, soybeans were up 37 to up 38 1/4, wheat was up 12 3/4 to up 13 1/2 and oats up 8 1/4.

Corn futures rose with the dollar index down 0.65 percent and the U.S. Department of Agriculture weekly Export Sales report showing this week's sales below expectations. Wheat prices rose with Egypt purchasing 175,000 metric tons from U.S. sources. Soybean futures were supported by funds, which returned as net buyers Thursday.

The prices:

Corn: Dec. 5.41 3/4, up 16; Mar 5.55 3/4, up 16 1/2; May 5.62 1/2, up 16 1/4; Jul 5.65 3/4, up 15 3/4.

Soybeans: Jan 12.42, up 37; Mar 12.49 1/4, up 37 1/4; May 12.48 1/2, up 37 1/4; Jul 12.50, up 38 1/4.

Wheat: Dec 6.45 1/4, up 12 3/4; Mar 6.84 1/2, up 13 1/2; May 7.09 1/4, off 13 1/2; Jul 7.20 1/2, up 13.

Oats: Dec 3.55 1/2; Mar 3.68; May 3.73 3/4; Jul 3.79 -- all up 8 1/4.

Copyright 2010 United Press International, Inc. (UPI).

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