CBOT closes mostly higher Friday

Posted on Aug 18, 2012 in Business | 0 comments

Grain futures prices were mostly higher at the close Friday on the Chicago Board of Trade.

Corn was up 3/4 to off 1/4, soybeans were up 14 3/4 to up 22 1/4, wheat was up 11 1/4 to up 12 3/4 and oats were up 1/4 to up 1/2.

Corn found support from wheat but was pressured by word from Russia there was no need for an export ban and a sharply higher dollar. Slow country movement and steady export demand helped soybeans. Drought in Russia and a drying trend in Australia helped push wheat higher.

The prices:

Corn: Sep 7.98 1/2 up 3/4, Dec 8.07 1/4 off 1/4, Mar 8.07 3/4 up 1/2, May 8.00 1/2 unc.

Soybeans: Sep 16.71 up 14 3/4, Nov 16.45 3/4 up 20 1/2, Jan 16.37 up 22 1/4, Mar 15.54 1/4 up 20.

Wheat: Sep 8.74 1/2 up 12 3/4, Dec 8.94 1/2 up 12 3/4, mar 9.02 3/4 up 11 1/4, May 8.86 1/2 up 12.

Oats: Sep 3.83 3/4 up 1/4, Dec 3.83 3/4 up 1/2, Mar 3.85 1/2 up 1/2, May 3.88 1/2 up 1/2.

Copyright 2012 by United Press International