Money Matters - Simplified

Grains futures mixed Thursday

Chicago -- Grain futures closed mixed on the Chicago Board of Trade Wednesday as the dollar index fell 0.22 percent.

Corn was off 3/4 to up 3/4, soybeans were off 12 1/2 to off 15, wheat was up 6 1/4 to up 8 1/2 and oats up 4 3/4.

Corn futures found some support from the weaker dollar in advance of the weekly Export Sales report due Thursday. Dry weather predicted for the central states gave support to wheat futures with a week's dry weather expected that could strain winter wheat. China indicated it would make moves to curb inflation, putting a damper on soybean futures.

The prices:

Corn: Dec. 5.25 3/4, off 3/4; Mar 5.39 1/4, off 3/4; May 5.46 1/4, up 1/4; Jul 5.50, up 3/4.

Soybeans: Jan 12.05, off 14 3/4; Mar 12.12, off 15; May 12.11 1/4, off 13 1/2; Jul 12.11 3/4, off 12 1/2.

Wheat: Dec 6.32 1/2, up 6 1/4; Mar 6.71 1/2, up 6 3/4; May 6.95 3/4, up 8 1/2; Jul 7.07 1/2, up 7 1/4.

Oats: Dec 3.47 1/4; Mar 3.59 3/4; May 3.65 1/2; Jul 3.70 3/4 -- all up 4 3/4.

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

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