Grain futures sharply higher Monday

Monday, April 25, 2011 4:01 PM By dwi

CHICAGO, April 25 (UPI) -- Grain futures closed sharply higher weekday in metropolis after the U.S. Department of Agriculture's pasture inform showed mixed progress in callus and wheat.

Corn was up 16 to up 25 1/4, soybeans were up 3 to up 9, cereal was up 25 3/4 to up 27 3/4 and oats were up 8 1/4 to up 10 1/2.

Corn futures rose on the metropolis Board of Trade with the USDA reporting 9 proportionality of the pasture planted, far behindhand the past cipher of 23 proportionality for this time of year. The inform showed 6 proportionality of the outflow cereal pasture planted, also behindhand its average, which is 25 proportionality for this week of the year. The USDA said 23 proportionality of the winter cereal pasture had headlike out, slightly ahead of its long-term average.

The note finger rose slightly, lending support to the bean market, as sellers took advantage. Soybeans also found support from corn, cereal and continuing broad prices for silver and gold.

The prices:

Corn: May 7.62 1/2 up 25 1/4, Jly 7.68 1/2 up 24, Sep 7.24 up 19 3/4, Dec 6.81 1/2 up 16.

Soybeans: May 13.89 1/2 up 9, Jly 13.96 1/2 up 6 3/4, Aug 13.94 1/2 up 5, Sep 13.88 1/4 up 3.

Wheat: May 8.26 up 26 1/2, Jly 8.61 1/4 up 26 1/2, Sep 9.02 3/4 up 27 3/4, Dec 9.37 up 25 3/4.

Oats: May 3.98 up 8 1/4, Jly 4.07 1/2 up 10 1/2, Sep 4.11 up 9 1/2, Dec 4.14 1/4 up 8 1/4.


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