Grains start Thursday on mixed note
U.S. grain and soybean futures continue to trade mixed in early open outcry trading, with soybeans underpinned by worries about tight supplies.
Soybeans are continuing to recover from a six session slide in prices, fueled by concerns about the potential for increased U.S. export demand amid the long shipping delays facing buyers out of Brazilian ports and technical buying.
Corn and wheat futures are lower, pressured by weak export sales and traders taking profits of recent gains.
Chicago Board of Trade May soybean futures are up 4 3/4 cents, or 0.3% at $14.24 1/2 a bushel, May corn is down 3 1/2 cents, or 0.5% at $7.29, and May wheat is down 8 cents, or 1% at $7.28.
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(MORE TO FOLLOW) Dow Jones Newswires
March 21, 2013 10:42 ET (14:42 GMT)
DJ U.S. Grain, Soy Stay Mixed To Begin Open Outcry Trade->copyright