Money Matters - Simplified

Grain futures mixed Thursday

Chicago -- Wheat and oat futures trended higher Thursday on the Chicago Board of Trade with the dollar index flat, climbing just 0.05 percent.

Corn was off 1/4 to up 3/4, soybeans were off 14 1/2 to off 15 3/4, wheat was up 4 1/2 to up 7 3/4 and oats were up 4 to up 16.

Corn prices were little changed with sellers taking advantage of Wednesday's rally and the U.S. Department of Agriculture announcing Mexico's purchase of 240,000 metric tons. Wheat futures found support with Iraq purchasing 250,000 metric tons from U.S. sources. Soybean prices fell as China is expected to try to delay deliveries of some of its recent purchases.

The prices:
Corn: Dec 5.60 1/4 up 3/4; Mar 5.74 1/4, off 1/4; May 5.83, unchanged; Jly 5.87 1/4, unchanged.

Soybeans: Jan 12.81 1/2, off 14 1/2; Mar 12.90 1/2, off 14 1/2; May 12.94, off 15; Jly 12.94 3/4, off 15 3/4.

Wheat: Dec 7.48 1/4, up 6 1/4; Mar 7.88 1/2, up 4 1/2; May 8.14, up 5 1/2; Jly 8.14, up 7 3/4.

Oats: Dec 3.94, up 16; Mar 3.82, up 4; May 3.87, up 4; Jly 3.90, up 4 1/2.

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

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