Business
Grains open low, but corn and wheat rally
Chicago | May 16, 2008 12:01:13 AM IST
Grains opened lower on the Chicago Board of Trade Thursday, but corn and wheat rallied, while soybeans traded lower at the close. Corn was up 2 to up 3; soybeans were off 13 3/4 to off 29 1/2; wheat was up 4 1/2 to up 7 3/4; oats were off 13 1/2. Corn rallied on expectations of dry weather, which should bring planting season close to completion. Wheat rallied desspite of news the Baltic Exchange index for ocean shipping rose to an all-time high. Soybeans broke sharply Thursday in sympathy for weak oil trading. The prices: Corn: Jul 5.99, up 2 3/4; Sep 6.11 1/4, up 3; Dec 6.22 1/2, up 2; Mar 6.34 3/4, up 2. Soybeans: Jul 13.47 1/2, off 32; Aug 13.47, off 29 1/2; Sep 13.28, off 21; Nov 13.19 1/4, off 13 3/4. Wheat: Jul 7.71 1/2, up 7 1/2; Sep 7.86, up 7 3/4; Dec 8.06, up 6 3/4; Mar 8.23, up 4 1/2. Oats: Jul 3.94, off 13 1/2; Sep 4.05, off 13 1/2; Dec 4.20, off 13 1/2; Mar 4.33, off 13 1/2. (UPI)
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 Centre to offer Rs 25 cr to Goa for Old Goa heritage project NZ umpires seminar begins at PCA WAC retain Air Force hockey trophy Taslima a "Jew agent" : Imam
| 
