Founded in 2010

News & Entertainment for Mason City, Clear Lake & the Entire North Iowa Region

Grains mostly lower Tuesday

CHICAGO, Feb. 12 (UPI) — Grain futures prices closed mostly lower on the Chicago Board of Trade Tuesday as the dollar index dropped 0.42 percent on the International Exchange.

Corn was off 6 to up 3 3/4, soybeans were off 2 1/2 to off 10 3/4, wheat was off 8 1/4 to off 9 3/4 and oats were off 1 1/2 to off 3 1/4.

Corn prices adjusted to weak demand sentiment as traders considered the possibility an increase in corn planting that would mitigate concerns over tight supplies. Wheat futures were pressured by a spillover effect from corn and favorable conditions for winter wheat. Soybeans shifted lower with traders cautious about taking long positions with importers likely to switch soon to South American sources.

The prices:

Corn: Mar 6.96. 1/4 off 6, May 6.95 1/2 off 6, Jly 6.87 off 5, Sep 5.81 1/4 up 3 3/4.

Soybeans: Mar 14.20 3/4 off 10 3/4, May 14.09 1/2 off 7 3/4, Jly 14.01 off 6, Aug 13.66 3/4 off 2 1/2.

Wheat: Mar 7.32 off 9 1/2, May 7.39 1/2 off 9 3/4, Jly 7.41 1/4 off 9 1/2, Sep 7.50 3/4 off 8 1/4.

Oats: Mar 3.77 3/4 off 3 1/4, May 3.69 3/4 off 2 3/4, Jly 3.68 off 1 1/2, Sep 3.67 1/4 off 1 1/2.

Copyright 2013 United Press International, Inc. (UPI).

0 0 votes
Article Rating
Subscribe
Notify of
guest

0 Comments
Inline Feedbacks
View all comments

Even more news:

Need help with your website?
Call your local professional,
Breakthrough Web Design:
515-897-1144
or go to
BreakthroughWebDesign.com

Copyright 2022 – Internet Marketing Pros. of Iowa, Inc.
0
Would love your thoughts, please comment.x
()
x