Grain futures go down on the Chicago Board of Trade

Grain futures go down on the Chicago Board of TradeAlthough equities made a sharp comeback on Wall Street and the dollar was flat, Grain futures closed mostly lower on the Chicago Board of Trade on Wednesday.

Corn was off 5 to off 5 1/2, soybeans were off 1/2 to up 3/4, wheat was off 6 1/4 to off 8 1/4 and oats were off 2 1/4.

With the dollar index up 0.06 percent, the euro gaining slightly against the U. S. currency, corn prices dropped.

It was further reported that with hot, humid weather and potential thunderstorms in the forecast for the northern Plains states, wheat futures slid.

As the U. S. Department of Agriculture said planting is 74 percent done, in line with historic averages for this time of year, soybean prices fell. (With Inputs from Agencies)