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Grain futures mixed Wednesday

Chicago -- Grain futures were mixed on the Chicago Board of Trade Wednesday with the dollar index 0.11 percent higher.

Corn was off 2 1/2 to off 3 1/2, soybeans were off 1 3/4 to off 3, wheat was up 3 to up 3 3/4 and oats were up 5 3/4 to up 7 1/4.

Corn futures fell in anticipation of Thursday's Export Sales report. Wheat prices rallied slightly despite weak international demand, traders said. In the soybean market, China purchased 348,000 metric tons Wednesday, the U.S. Department of Agriculture said.
The prices:

Corn: Mar 4.13 3/4, off 3 1/4; May 4.23 1/2, off 3 1/2; Jul 4.32 1/4, off 3 1/4; Sep 4.37 1/4, off 2 1/2.

Soybeans: Jan 10.36 1/4, off 1 3/4; Mar 10.44 1/2, off 2 1/2; May 10.49 1/2, off 3; Jul 10.54 3/4, off 2 1/4.

Wheat: Mar 5.44 3/4, up 3 3/4; May 5.58 1/4, up 3 3/4; Jul 5.69 3/4, up 3 1/2; Sep 5.84, up 3.

Oats: Mar 2.76 1/4, up 7 1/4; May 2.84 1/4, up 6 1/2; Jul 2.92 3/4, up 7; Sep 3.00 1/4, up 5 3/4.

Copyright 2009 by United Press International.

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