2009-05-08-2342Z


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July Oats up 9 cents a bushel again today:

CHICAGO, May 8, 2009 (UPI via COMTEX) -- Grains closed mostly higher in futures trading on the Chicago Board of Trade Friday as oil prices and commodity stocks continued an upward trend.

Corn was up 4 to up 4 1/2, soybeans were off 9 to off 16, wheat was up 19 3/4 to up 21 1/2 and oats were up 8 3/4 to up 10.

Corn closed higher with prices gaining as the dollar weakened Friday. Wheat was supported by a report of Canadian stocks that came in below expectations. Soybean prices dropped as delayed corn planting pointed to a possible increase in soybean planting.

My options are almost worth what I paid for them again... I still think it's possible that this is the start of the dollar's tailspin into oblivion, though, so I plan to hang onto all 25,000 bushels another 6 weeks or so.

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last updated 2009-05-08 19:46:27. served from tektonic