Grains end Thursday mixed
U.S. grain and soybean futures ended the open outcry session mixed Thursday, with soybeans finishing at a fresh one-week high.
Soybean sustained price strength into the close of trading, fueled by renewed fears of tightening U.S. supplies. Worries of increased export demand due to logistic snarls at Brazilian ports sparked gains, as traders are sensitive to a situation that could further squeeze soybean stockpiles.
Corn futures nudged higher, boosted by tight supplies and uncertainty about new crop plantings. Wheat futures ended lower, pressured by traders taking profits on recent gains.
With futures yet to settle, Chicago Board of Trade May soybeans were up 26 1/4 cents, or 1.8%, at $14.46 a bushel, May corn was up 1 1/2 cents, or 0.2%, at $7.34, and May wheat was down 7 1/2 cents, or 1% at $7.28 1/2.
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(MORE TO FOLLOW) Dow Jones Newswires
March 21, 2013 15:22 ET (19:22 GMT)
DJ U.S. Grain, Soy End Open Outcry Session Mixed->copyright