Business
Grains pivot on supply and demand report
Chicago | May 10, 2008 12:01:13 AM IST
Grain trading on the Chicago Board of Trade pivoted on a supply and demand report issued by the U.S. Department of Agriculture Friday. Corn was off 1 to up 3 3/4 ; soybeans were up 48 to up 51 1/4; wheat was off 16 3/4 to off 17 1/2; oats were off 1 1/2 to up 1/2. The USDA supply and demand report raised corn stock on an expected downturn in ethanol use. World supplies of wheat are expected to escalate, which pulled trading down Friday. Soybeans traded higher as demand expectations increased. The prices: Corn: May 6.18 1/2, off 1/4; Jul 6.29 1/4, off 1; Sep 6.41, up 1 1/4; Dec 6.50, up 3 3/4. Soybeans: May 13.49 1/2, up 51 1/4; Jul 13.58, up 48; Aug 13.53 1/4, up 49 1/3; Sep 13.24 3/4, up 50 1/2. Wheat: May 7.91 1/2, off 17 1/2; Jul 8.04 1/2, off 17 1/2; Sep 8.18 1/2, off 17 1/4; Dec 8.39 1/2, off 16 3/4. Oats: May 4.05, up 1/2; Jul 4.13, off 1 1/2; Sep 4.25 1/2, unchanged; Sep 4.38 1/2, off 1 1/2. (UPI)
Unemployment to be solved through SEZs alone: AP CM Congress gives whip to legislators for voting in budget session Fiona postpones her visit to Goa JMM leader shot at in Steel City 3rd, Test of Border-Gavaskar trophy to start on Oct 29 Surjeet remembered No sale of land to outsiders like in HP and Uttaranchal: BJP Shiv Sena rubbishes reports on Naxal links
| 
