Chicago Board of Trade

Substantial rains in the corn belt sent corn futures sharply higher Monday on the Chicago Board of Trade.

Wheat also advanced, while soybeans fell.

Heavy rains in the Midwest over the weekend led to planting delays for corn farmers, pushing prices more than 2 percent higher.

Wheat climbed to one-week highs amid crop concerns and improved weekly export inspections.

Soybeans declined on bearish technical signals.

Wheat for July delivery rose 5 cents to $2.88 3/4 a bushel; July corn rose 4 3/4 cents to $2.37 1/4 a bushel; July oats rose 2 cents to $1.50 1/4 a bushel; July soybeans fell 3 1/4 cents to $6.27 3/4 a bushel.

Beef futures declined while pork futures settled mixed on the Chicago Mercantile Exchange.

June live cattle fell .35 cent to 73 cents a pound; August feeder cattle fell .05 cent to 84.55 cents a pound; June lean hogs rose .22 cent to 64.77 cents a pound; July pork bellies fell .08 cent to 92.37 cents a pound.

Local markets

As of Monday’s close, courtesy of Ottawa Cooperative Assn. Ottawa Elevator — Wheat, $3.16; corn, $2.22; milo, $2.17; soybeans, $6.03. Edgerton Elevator — Wheat, $3.16; corn, $2.22; milo, $2.17; soybeans, $6.03. Overbrook Elevator — Wheat, $3.16; corn, $2.27; milo, $2.22; soybeans, $6.03. Midland Elevator — Wheat, NA; corn, $2.32; milo, NA; soybeans, $6.03. Lawrence North Elevator — Wheat, NA; corn, $2.32; milo, NA; soybeans, $6.05. Lawrence South Elevator — Wheat, $3.46; corn, $2.32; milo, $2.27; soybeans, $6.03. Pauline Elevator — Wheat, NA; corn, $2.32; milo, $2.27; soybeans, $6.07.

St. Joseph livestock

St. Joseph, Mo. (ap) — Quotations for Monday:

Estimated Receipts: 250. Compared to last week, not enough slaughter steers and heifers for a market test. In the Direct feedlot trade, slaughter cattle sold steady at mostly 78.00 live. Dressed sales predominantly in the North were fully steady to 1.00 higher at 125.00. Slaughter cows were fully steady with last week’s auction, while slaughter bulls sold steady with light receipts available. Slaughter Cows: Breaking 70-80 percent lean 36.00-39.00, high dressing 38.00-42.25, low dressing 35.00-38.00. Boning 80-85 percent lean 36.00-39.00, high dressing 38.00-42.50, low dressing 33.00-36.00. Lean 85-90 percent lean 31.00-35.00, high dressing 34.00-39.00, low dressing 25.00-31.00. Slaughter Bulls: Yield Grade 1-2 1570-2400 lbs 45.00-50.25, high dressing up to 52.00, low dressing 41.25-45.00, fleshy 45.75-48.00. Feeder Cows: Medium and Large 1-2 790-1190 lbs 39.00-47.00, with a few young 50.00-56.50. Bred Cows: Medium and Large 1-2 4-7 year old 2nd and 3rd stage bred 1100-1340 lbs 600.00-690.00 per head, pkg 6 year old 1200 lb 3rd stage bred 780.00.

Estimated Receipts: 300. Compared to last week, barrows and gilts sold 1.00 higher; 46-50 percent lean 230-270 lbs 36.50-37.00. Sows: Compared to last week, 300-500 lbs sold steady; over 500 lbs traded 2.00 lower; 1-2 300-500 lbs 25.00-27.00; 1-3 500-550 lbs 28.00; 550-700 lbs 29.00-30.00. Boars: Steady; 300-700 lbs 6.00.

Nonferrous metals

New York (ap) — Spot nonferrous metal prices Monday:

Aluminum – closed per lb., London Metal Exch. Mon.

Copper – $75.0 Cathode full plate, U.S. destinations.

Copper -71.50 cents per lb., N.Y. Merc spot Fri.

Lead – closed per metric ton, London Metal Exch.

Zinc – 36.97-37.47 cents lb., delivered.

Gold – $342.00 Handy & Harman (only daily quote).

Gold – $343.40 troy oz., NY Merc spot Mon.

Silver – $4.815 Handy & Harman (only daily quote).

Silver – $4.802 troy oz., N.Y. Merc spot Mon.

Mercury – $165.00 per 76 lb flask, N.Y.

Platinum – $608.00 troy oz., N.Y. (contract).

Platinum $597.20 troy oz., N.Y. Merc spot Mon.