With dollar going up sharply, grain futures show mix response
As the dollar traded sharply higher for the second consecutive day, Prices closed mixed on the Chicago Board of Trade on Wednesday.
Corn was up 2 1/4 to up 4 3/4, soybeans were off 8 1/2 to off 9 1/4, wheat was up 1 1/4 and oats were up 2 1/4.
As the dollar index reached a 12-month high, Corn traded up and down climbing 1.05 percent.
Support was found by wheat prices from major purchases announced by Iraq, 150,000 metric tons from Russia and 100,000 from Australia.
It was also reported that Soybean futures fell as planting remains at a torrid pace, matching the fastest pace on record as of last week. (With Inputs from Agencies)