Money Matters - Simplified

Grain futures mixed Friday

Chicago -- Wheat and soybeans closed higher, while corn and oats lost ground on the Chicago Board of Trade Friday.

Corn was off 1 1/2 to off 2 1/4, soybeans were up 8 3/4 to up 10 1/2, wheat was up 15 to up 18 3/4 and oats were off 1 3/4 to off 2 1/4.

Corn futures dropped as the dollar bounded higher, the dollar index rising 0.92 percent. Wheat prices found support from speculative buying and concerns over dry weather that pushed the July contract above $8. Soybean prices jumped with support from rising oil prices, although prices for meal declined.

The prices:

Corn: Dec. 5.87 3/4, off 2 1/4; Mar 6.01 3/4, off 2; May 6.08 1/2, off 1 1/2; Jul 6.11 3/4, off 1 3/4.

Soybeans: Nov 12.73 1/2, up 8 3/4; Jan 12.84, up 9 1/4; Mar 12.92 1/2, up 9 1/4; May 12.95 1/4, up 10 1/2.

Wheat: Dec 7.28 3/4, up 15; Mar 7.69, up 15 1/2; May 7.94, up 18 3/4; Jul 8.02 1/2, up 15 1/2.

Oats: Dec 3.75 1/4, off 2 1/4; Mar 3.87 3/4, off 2 1/4; May 3.93 1/4, off 1 3/4; Jul 3.98 1/4, off 1 3/4.

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

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