CHICAGO, June 1 (UPI) — Grain futures closed mostly lower on the Chicago Board of Trade Tuesday as a downward trend in equities continued after the Memorial Day break.
Corn was off 4 1/2 to off 5, soybeans were off 5 to off 7, wheat was off 6 3/4 to off 7 and oats were up 2 3/4 to up 3 1/4.
Corn prices dropped, although prices found support from an expectation of increased demand from China. Wheat futures tailed off late in the day with the dollar index rising 0.23 percent. Outside markets and beneficial weather forecasts weighed on soybean prices Tuesday.
The prices:
Corn: July 3.54, off 5; Sep 3.649, off 5; Dec 3.75 1/4, off 4 3/4; Mar 3.88 1/4, off 4 1/2.
Soybeans: July 9.32, off 5 3/4, Aug 9.20 3/4, off 7; Sep 9.08 1/2, off 6 1/4, Nov 9.02 3/4, off 5.
Wheat: July 4.50 3/4, off 7; Sep 4.68 1/4, off 7; Dec 4.98 3/4, off 6 3/4; Mar 5.28 1/4, off 6 3/4.
Oats: July 1.94 1/4, up 3 1/4; Sep 2.02 1/2, up 3 1/4; Dec 2.13 1/4, up 2 3/4; Mar 2.23 1/4, up 2 3/4.
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