Soybeans carry U.S. grains higher

Posted on Jul 14, 2012 in Business | 0 comments

Soybeans led the grain market higher Friday on the Chicago Board of Trade as traders remained focused on the weather.

Corn was up 3 to up 9, soybeans were up 16 1/4 to up 24, wheat was up 1 to up 9 1/4, oats were up 2 /3/4 to up 9 1/4.

July corn expired lower at $7.55 3/4 but the rest of the market was higher on deteriorating crop conditions. Wheat saw strong to moderate to strong gains, ending slightly higher.

The prices:

Corn: Jly 7.55 3/4 off 15 1/2, Sep 7.40 1/2 up 9 1/4, Dec 7.40 1/4 up 8, Mar 7.41 3/6 up 7 1/4.

Soybeans: Jly 16.42 up 16 1/4, Aug 15.94 3/4 up 22 1/4, Sep 15.69 1/2, Nov 15.52 1/2 up 23 1/2.

Wheat: Jly 8.42 up 9 1/4, Sep 8.47 3/4 up 1, Dec 8.62 1/2 up 2 3/4, Mar 8.72 up 3.

Oats: Jly 3.65 1/4, Sep 3.72 1/4, Dec 3.74 1/2 up 2 1/2, Mar 3.79 up 2 3/4.

Copyright 2012 by United Press International