Money Matters - Simplified

Soybeans

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:

Grains close higher Wednesday

Chicago -- Grain futures closed higher on the Chicago Board of Trade Wednesday with the dollar index up 0.16 percent.

Corn was up 23 1/4 to up 13 1/4, soybeans were up 10 1/2 to up 11 1/4, wheat was off 1 to up 3 and oats were off 5 to up 14.

Corn prices rose sharply with the weekly ethanol report showing a 6.1 percent rise in production from the previous week -- up 19.2 percent from a year ago. Wheat futures found support from Australia, where weather conditions in the southeast are expected to drop up to 60 percent of the crop in the region to feed status. Soybeans found support as sellers focus on end-of-year targets and weather conditions in Brazil and Argentina, where beneficial rain is expected.

Weak dollar gives grain futures a boost

Cchicago -- Grain futures closed sharply higher on the Chicago Board of Trade Friday with the dollar index down, making prices that much more attractive to foreign buyers.

Corn was up 16 to up 18 1/4, soybeans were up 19 to up 20 1/2, wheat was up 11 3/4 to up 31 1/2 and oats were up 5 1/4 to up 6.

Corn prices climbed with support from the dollar and from dry weather in Argentina. Wheat futures found support in reports a large percentage of Australia's crop could be downgraded to livestock feed status. Talk of China remaining active as a buyer helped soybean prices, which set the pace on increases Friday.

The prices:

Corn: Dec 5.59, up 18 1/4; Mar 5.73 1/2, up 18; May 5.80 1/2, up 17; Jly 5.84 1/2, up 16.

Grain futures surge in Chicago Wednesday

Chicago -- Grain futures surged higher on the Chicago Board of Trade Wednesday, as the dollar index fell 0.64 percent.

Corn was up 21 3/4 to up 22 3/4, soybeans were up 40 to up 40 1/4, wheat was up 46 to up 49 1/2 and oats were up 12 1/4 to up 27 1/4.
Corn prices jumped with funds positioned to buy and the Energy Information Administration reporting ethanol production for the week ending Nov. 26 averaged 885,000 barrels per day, up 99,000 barrels from the same week last year. Wheat founds support from Egypt purchasing 220,000 metric tons Wednesday. Soybean prices rose sharply along with a strong gains in equities on Wall Street.

The prices:

Corn futures down, soybeans higher Tuesday

Chicago -- Corn futures closed lower and soybeans higher in Chicago Tuesday, with a slump in equities on Wall Street persisting for a third consecutive trading session.

Corn was off 8 1/4 to off 9 3/4, soybeans were up 6 1/2 to up 8, wheat was unchanged and oats were off 5 1/2 to off 6 1/2.

Corn lost ground on the Chicago Board of Trade, with selling prompted by end-of-the-month inventory adjustments. Wheat futures held steady, with traders keeping an eye on continued dry weather winter wheat areas. The U.S. Department of Agriculture announced a sale of 165,000 metric tons of soybeans Tuesday to buyers it did not identify.

The prices:

Corn: Dec 5.30, off 8 1/4; Mar 5.44, off 9 1/4; May 5.51 1/2, off 9 3/4; Jly 5.55 1/2, off 9 3/4.

Corn futures off, soybeans higher Monday

Chicago -- Grain futures closed mixed Monday on the Chicago Board of Trade with the dollar index rising slightly, up 0.17 percent.

Corn was off 4 3/4 to off 5 1/2, soybeans were up 18 3/4 to up 20, wheat was unchanged to up 1 and oats were off 1 1/4 to off 2 1/4.

Corn futures fell with the week's export inspections at 24.4 million bushels, down sharply from the previous week. Wheat futures found support from a sale of 120,000 metric tons to Egypt announced Monday.
Soybean prices jumped with year-to-date export inspections at 31.8 percent of the U.S. Department of Agriculture's projection compared to a five-year average of 28.9 percent.

The prices:

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.

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.

Grains close higher in Chicago

Chicago -- Grain futures closed higher as sales news trumped movement in the dollar, which strengthened Monday.

Corn was up 20 1/4 to up 21 1/2, soybeans were up 12 3/4 to up 17 1/2, wheat was up 2 1/2 to up 3 3/4 and oats were up 7.

Corn futures surged on the Chicago Board of Trade with two sales announced Monday, one to South Korea for 281,000 metric tons and one to Egypt for 120,000 metric tons. Iraq purchased 100,000 metric tons of wheat, the U.S. Department of Agriculture said. In the soybean market, the USDA announced sales of 20,000 metric tons to an unnamed buyer, as moderate buying by funds supported prices.
The prices:

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.