Grain futures end higher on Chicago Board of Trade
As equity markets rose in Asia and Europe but slipped on Wall Street, Grain futures closed higher on the Chicago Board of Trade on Wednesday.
Corn was up 7 1/4 to up 8, soybeans were up 7 to up 8 1/2, wheat was up 3/4 to up 1 1/4 and oats were up 1.
Despite the dollar index rising 0.6 percent, Corn prices rose.
It has been reported that wheat futures found support from forecasts of hot weather that could do damage to the hard, red winter wheat crop.
Although the rally on Wall Street faded late in the afternoon, soybean prices also rose early, when equities were gaining traction. (With Inputs from Agencies)