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Grains close mixed

10/14/2010 @ 9:46am

CHICAGO, Illinois (Agriculture.com)--The CME Group soybean market settled higher, corn lower Thursday. Corn and soybean prices receive support from outside markets and demand.

The Dec corn futures closed 2 cents lower at $5.67 1/4. The Nov. soybean contract settled 12 cents higher at $11.88 1/2. The Dec. wheat futures settled 2 cents lower at $7.00 3/4.  The Dec. soymeal futures contract ended $2.70 higher at $331.70 per short ton. The Dec. soyoil futures contract closed $0.44 higher at $48.02.

In the outside markets, the NYMEX crude oil is $0.58 per barrel lower, the dollar is higher, and the Dow Jones Industrials are down 59 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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