CBOT Close


March corn settled at $3.54 ¼, up 2 ½ cents in a relatively quiet session with mixed influences from Argentina, crude oil and the US dollar. The corn harvest looks pretty much buggered in Argentina, whilst things haven't been too bad in neighbouring Brazil. Still demand in the US also doesn't look too rosy on the back of subdued interest from the ethanol sector.


March soybeans finished at $8.81, up 8 ¼ cents, with support coming from the Argy farmers' strike, a weak dollar and firmer crude. The weather outlook in Argentina has improved for soybeans, but more help is needed analysts say.


March CBOT wheat closed at $5.15 ¼, up 4 ¾, despite Syria buying 200,000mt of Russian wheat. Continued worries over the state of the US winter wheat crop underpinned CBOT futures. Also the CWB released lower than expected figures for US and Canadian production in 2009.