Tuesday, June 23, 2009

Grain futures mostly higher Tuesday

Grains futures closed mostly higher on the Chicago Board of Trade Tuesday, rebounding from a sharp sell off in the previous session.

Corn was up 3 1/2 to up 3 3/4, soybeans were up 23 1/2 to up 27 1/2, wheat was off 1 to up 3/4 and oats were up 4 1/2.

Corn futures closed slightly higher as the dollar lost ground against the euro and the yen. Wheat closed mixed after Statistics Canada said wheat planted was down 0.3 percent from a year ago. Soybean futures rose sharply with Statistics Canada reporting a 2.1 percent drop in acreage planted compared to a year ago.

The prices:

Corn: Jul 3.89, up 3 3/4; Sep 3.97 1/4, up 3 3/4; Dec 4.09, up 3 1/2; Sep 4.20 1/2, up 3 1/2.

Soybeans:Jul 11.79, up 27 1/2; Aug 11.14, up 24; Sep 10.48, up 25; Nov 10.04 1/2, up 23 1/2.

Wheat: Jul 5.46 3/4, up 3/4; Sep 5.75 3/4, up 3/4; Dec 6.00 1/2, off 1; Mar 6.17 1/2, off 1.

Oats:Jul 2.08, up 4 1/2; Sep 2.17 1/2, up 4 1/2; Dec 2.31, up 4 1/2; Mar 2.44, up 4 1/2.

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