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Agricultural Futures Rise on CBOT

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[November 21, 2007]  CHICAGO (AP) -- Agricultural futures climbed sharply Tuesday on the Chicago Board of Trade, with a big jump in wheat and soybean prices.

Wheat for December delivery rose 17.25 cents to $7.735 a bushel; December corn rose 3.75 cents to $3.8125 a bushel; December oats gained 1.5 cents to $2.77 a bushel; January soybeans jumped 16.5 cents to $10.87 a bushel.

Beef and pork futures advanced on the Chicago Mercantile Exchange.

December live cattle rose 1 penny to 96.17 cents a pound; January feeder cattle rose 0.75 cent to $1.0957 a pound; December lean hogs gained 2.82 cents to 54.82 cents a pound; February pork bellies rose 3 cents to 92.4 cents a pound.

[Associated Press]

Copyright 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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