Weather lifts grain prices Wednesday

CHICAGO, Aug. 20 (UPI) -- Grain prices lifted on weather concerns with a pirated ship coming into play on the Chicago Board of Trade Wednesday.

Corn was up 10 1/4 to up 10 3/4, soybeans were up 22 to up 26 3/4, wheat was up 29 1/4 to up 29 3/4 and oats were off 1 1/2.

The Midwest corn belt expects dry weather to persist through the next ten days. Dryness in Argentina and Australia is, again, propping up wheat, traders said. Soybean traders contemplated a possible resumption of a farmers' strike in Argentina and took note of a Malaysian palm oil tanker hijacked near Somalia.

The prices:

Corn: Sep 5.75 1/4, up 10 1/2; Dec 5.95, up 10 1/2, Mar 6.14, up 10 1/4; May 6.26, up 10 3/4.

Soybeans: Sep 12.93 3/4, up 26 3/4; Nov 13.00, up 24; Jan 13.17 1/4, up 23 1/4, Mar 13.30 1/2, up 22.

Wheat: Sep 8.74 3/4, up 29 1/2; Dec 8.99 1/2, up 29 1/4; Mar 9.24 1/4, up 29 3/4; May 9.39 3/4, up 29 1/2.

Oats: Sep 3.68, off 1 1/2; Dec 3.87 1/2, off 1 1/2; Mar 4.05 3/4, off 1 1/2; May 4.16, off 1 1/2.