Business News - Grain futures drop Thursday

ArcaMax Publishing > Business News

Your email address is safe with us. View our Privacy policy.

Free Financial Tools:

Start planning your financial future with our free financial tools & calculators.

The Funnies:

Get free jokes, comics, and more! See them all on
our funnies page

Books:

Read the classics online or by email. More details on the books page

Grain futures drop Thursday

CHICAGO (UPI) -- Grain futures closed lower on the Chicago Board of Trade Thursday, as stocks soared in New York, putting the dollar in a stronger position against the euro.

Corn was off 7 1/4 to off 7 1/2, soybeans were off 23 1/2 to off 28 1/2, wheat was off 8 1/4 to off 8 3/4 and oats were off 2 1/4.

Corn futures dropped as on the dollar's strength and with beneficial, dry weather expected in the Midwest. Wheat prices slipped, while Egypt purchased 60,000 metric tons from Russia and a like amount from France. Soybean futures fell with weather expected to be mixed for 6-10 days in the Delta region.

The prices:

Corn: Dec 3.76 1/2, off 7 1/2; Mar 3.90 1/4, off 7 1/4; May 4.00, off 7 1/4; Jul 4.08 1/2, off 7 1/4.

Soybeans: Nov 9.67, off 28 1/2; Jan 9.72, off 27; Mar 9.76 3/4, off 25 3/4; May 9.76, off 23 1/2.

Wheat: Dec 5.12 1/4, off 8 3/4; Mar 5.32 1/4, off 8 1/2; May 5.45 1/4, off 8 1/2; Jul 5.56 1/4, off 8 1/4.

Oats: Dec 2.55 3/4, off 2 1/4; Mar 2.69 1/4, off 2 1/4; May 2.77 1/4, off 2 1/4; Jul 2.85 1/4, off 2 1/4.

Copyright 2009 by United Press International

This news arrived on: 11/05/2009

Share this Story