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Stockpile projections and flat dollar weigh on grain market
CHICAGO, Feb. 8 () -- Grain futures prices closed mostly lower on the Chicago Board of Trade Friday,[url=http://www.christianalouboutin.co.uk]Christian Louboutin Oulet uk[/url], with the dollar index flat on the International Exchange.Corn was off 1 3/4 to off 4 1/2, soybeans were off 34 1/4 to off 42 3/4, wheat was off 3/4 to up 1/4 and oats were up 4 1/4 to up 4 1/2.Corn prices slipped as the U.S. Department of Agriculture's Supply and Demand Report raised its stockpile projection for the year. Wheat closed down for the week although traders see wheat used for feed reducing supplies.Soybeans were off sharply with the USDA's export projection unchanged.The prices:Corn: Mar 7.09 off 1 3/4, May 7.08 3/4 off 3 1/4, Jly 6.99 off 2 3/4, Sep 5.84 3/4 off 4 1/2.Soybeans: Mar 14.52 1/2 off 34 1/4, May 14.36 3/4 off 36 1/2, Jly 14.25 1/2 off 36 3/4, Aug 13.88 3/4 off 42 3/4.Wheat: Mar 7.56 1/4 up 1/4, May 7.62 1/2 off 1/2, Jly 7.62 3/4 off 3/4, Sep 7.71 off 1/4.Oats: Mar 3.85 3/4 up 4 1/4, May 3.76 1/4 up 4 1/2, Jly 3.74 1/4 up 4 1/2, Sep 3.73 1/2 up 4 1/2.