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Chicago Agricultural Commodities Settle Mixed-Sep 15
 

Chicago Board of Trade (CBOT) grains futures closed mixed on Friday.

The most active corn contract for December delivery rose 0.5 cent, or 0.14 percent, to 3.5475 dollars per bushel. December wheat delivery went up six cents, or 1.35 percent, to 4.49 dollars per bushel. November soybeans fell 7.25 cents, or 0.74 percent, to 9.6875 dollars per bushel.

CBOT floor brokers reported that funds sold 3,200 contracts of soybeans, while buying 3,600 contracts of wheat and 2,300 contracts of corn.

On Friday, private exporters reported to the U.S. Department of Agriculture further export sales of 132,000 metric tons of soybeans for delivery to China. But this failed to push the prices higher.

CBOT soybeans had posted more-than-one-percent gains for two straight days. Profit-taking on Friday obviously led to the fall of prices, said analysts.

While European wheat futures were unchanged on Friday, CBOT wheat surprisingly posted 1.35 percent gains.

Talks about smaller Australian wheat harvest due to continued cold and dry weather conditions might prompt the surge, with support of speculative funds buying.


(www.chinaview.cn 2017-09-18)
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