Grain futures were little changed Wednesday, as equities were also flat on Wall Street.
Corn was off 2 3/4 to off 6, soybeans were up 1/2 to up 4 1/4, wheat was up 1 1/2 to up 3 and oats off 1 1/2 to up 3/4.
Corn prices fell modestly, a government report showing corn use for ethanol production ahead of the pace to meet a U.S. Department of Agriculture target of 4.8 million bushels. Wheat futures rose, despite a stronger dollar, the dollar index rising 1.07 percent Wednesday. The soybean saw an early surge of buying with China placing and order for 110,000 metric tons.
The prices:
Corn: Mar 5.84 1/4 off 3, May 5.92 1/4 off 2 3/4, Jly 5.96 off 3, Sep 5.48 1/2 off 6.
Soybeans: Jan 12.96 1/2 up 1/2, Mar 13.07 3/4 up 1 3/4, May 13.13 3/4 up 3 1/2, Jly 13.16 up 4 1/4.
Wheat: Mar 7.64 3/4 up 1 1/2, May 7.91 1/4 up 3, Jly 7.98 3/4 up 3, Sep 8.09 1/4 up 1 1/2.
Oats: Mar 3.83 1/2 off 1 1/2, May 3.88 off 1 1/2, Jly 3.93 unchanged, Sep 3.39 1/4 up 3/4.
