Money Matters - Simplified

Grains mixed Monday in Chicago

Cchicago -- Grain futures prices were mixed Monday in Chicago with corn and wheat up slightly, as the dollar index was flat, falling 0.06 percent.

Corn was off unchanged to up 1, soybeans were off 3 1/4 to off 3 1/2, wheat was up 2 to up 3 3/4 and oats were off 5 1/2 to off 6 1/2.

Corn found support on the Chicago Board of Trade from a lack of rain in Argentina and reports of a potential corn shortage in China. Wheat futures rose modestly with dry weather in Australia and the United States lending support. In the soybean market, beneficial rain in Brazil in the state of Mato Grosso as the planting season winds took away some price support Monday.

The prices:

Corn: Dec 5.38 1/4, unchanged; Mar 5.53 1/4, up 1/4; May 5.61 1/4, up 1/4; Jly 5.65 1/4, up 1.

Soybeans: Jan 12.35, off 3 1/2; Mar 12.43 1/2, off 3 1/2; May 12.45, off 3 1/2; Jly 12.49 1/4, off 3 1/4.

Wheat: Dec 6.50 1/4, up 2; Mar 6.90 1/2, up 3 1/4; May 7.15 3/4, up 3 3/4; Jly 7.28 1/4, up 3 3/4.

Oats: Dec 3.37 3/4, off 6 1/2; Mar 3.49 1/2, off 6 1/2; May 3.55 1/4, off 6 1/2; Jly 3.60 1/2, off 5 1/2.

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

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