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Grain futures mixed Friday

Friday, August 24, 2012 5:38 PM

CHICAGO, Aug. 24 (UPI) -- Grain futures closed mixed on the Chicago Board of Trade Friday with a stronger dollar putting downward pressure on commodities.

Corn was off 4 3/4 to off 6 1/2, soybeans were up 10 1/4 to up 21 3/4, wheat was off 5 3/4 to off 7 and oats were off 2 1/4 to up 1.

Corn futures dropped modestly as the dollar index rose 0.21 percent on the International Exchange. Wheat futures lost ground, although traders suspect tight supplies in Russia could potentially cause the government to restrict exports.

Traders in the soybean market had a bullish reaction to results of a Pro Farmers Midwest Crop Tour.

The prices:

Corn: Sep 8.02 1/4 off 6 1/2, Dec 8.08 1/2 off 6 1/4, Mar 8.08 1/2 off 5 3/4, May 8.01 1/4 off 4 3/4.

Soybeans: Sep 17.37 1/2 up 10 1/4, Nov 17.31 1/2 up 16 1/2, Jan 17.24 1/4 up 18 1/4, Mar 16.36 1/4 up 21 3/4.

Wheat: Sep 8.67 1/2 off 7, Dec 8.88 1/2 off 6 1/4, Mar 8.98 1/2 off 5 3/4, May 8.88 1/2 off 6.

Oats: Sep 3.88 1/2 up 1, Dec 3.91 1/2 up 1/2, Mar 3.92 unchanged, May 3.88 1/2 off 2 1/4.

(Source: UPI )
(Source: Quotemedia)

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