CHICAGO, Feb. 5 (UPI) — Grain futures prices were mixed on the Chicago Board of Trade Tuesday with the dollar index flat on the International Exchange.
Corn was off 4 3/4 to off 5 1/2, soybeans were up 5 1/2 to up 6 3/4, wheat was off 5 1/2 to off 7 1/2 and oats were off 1 to up 6 1/2.
Corn prices shifted lower in anticipation of weaker demand reflected in the U.S. Department of Agriculture’s supply and demand report coming out Friday. Wheat futures also slipped with corn’s drop sparking a run for profits. South American weather was viewed as bullish for soybeans with rain expected in Argentina for the next seven days.
The prices:
Corn: Mar 7.29 off 5 1/4, May 7.30 3/4 off 5 1/2, Jly 7.22 off 5 1/2, Sep 6.13 off 4 3/4.
Soybeans: Mar 14.95 1/2 up 6 3/4, May 14.85 3/4 up 5 1/2, Jly 14.76 1/2 up 6, Aug 14.48 3/4 up 6 3/4.
Wheat: Mar 7.57 1/2 off 5 1/2, May 7.64 1/4 off 6 1/2, Jly 7.68 1/2 off 7 1/2, Sep 7.80 1/4 off 7 1/4.
Oats: Mar 3.66 1/4 up 6 1/2, May 3.67 3/4 up 2 1/2, Jly 3.69 1/4 off 1, Sep 3.68 1/2 off 1.
Copyright 2013 United Press International, Inc. (UPI).