Grains close lower in limited trading

Posted on Oct 30, 2012 in Business | 0 comments

Prices were lower Monday on the Chicago Board of Trade with trading limited due to concerns prompted by Hurricane Sandy off the East Coast.

Corn was off 3/4 to off 1, soybeans were off 27 3/4 to off 34, wheat was off 2 1/2 to off 5 3/4 and oats were off 1 1/2 to off 2 1/2.

With no supportive data Monday, corn prices fell. Wheat prices moved lower in sympathy with soybeans, which fell as risk-aversion took over the market with equity positions on hold on Wall Street due to the mega-storm that closed stock markets in New York.

The prices:

Corn: Dec 7.37 off 3/4, Mar 7.39 off 3/4, May 7.36 off 1, Jly 7.29 off 3/4.

Soybeans: Nov 15.27 1/4 off 34, Jan 15.29 3/4 off 34, Mar 15.05 3/4 off 31 1/4, May 14.60 1/4 off 27 3/4.

Wheat: Dec 8.58 off 5 3/4, Mar 8.72 3/4 off 5 3/4, May 8.79 3/4 off 5 1/4, Jly 8.62 1/4 off 2 1/2.

Oats: 3.87 3/4 off 2, Mar 3.94 off 2 1/2, May 3.94 3/4 off 1 1/2, Jly 3.94 1/4 off 1 1/2.

Copyright 2012 by United Press International