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The grain markets close mixed

10/14/2010 @ 9:48am

CHICAGO, Illinois (Agriculture.com)--At mid-session, the CME Group grain markets remain mixed Thursday. Corn and soybean prices receive support from outside markets and demand.

The Dec corn futures are 1 3/4 cents higher at $5.70 1/4. The Nov. soybean contract is 6 1/2 cents higher at $11.83. The Dec. wheat futures are 1 3/4 cents lower at $7.01.  The Dec. soymeal futures contract is $1.20 higher at $330.20 per short ton. The Dec. soyoil futures contract is $0.10 higher at $47.68.

In the outside markets, the NYMEX crude oil is $0.17 per barrel lower, the dollar is higher, and the Dow Jones Industrials are down 31 points.

USDA announced Thursday that China bought 280,000 metric tons of U.S. soybeans for 2010-11. Japan bought 100,339 metric tons of food wheat for December delivery. S. Korea's NOFI bought 55,000 metric tons of corn from Louis Dreyfus. Taiwan seeks 60,000 metric tons of corn for October. Gold hits a new high of $1,4000 per troy ounce.

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