Chicago agricultural commodities settle mixed

Source: Xinhua| 2018-04-20 06:38:08|Editor: Mu Xuequan
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CHICAGO, April 19 (Xinhua) -- Chicago Board of Trade (CBOT) grains closed mixed on Thursday, with wheat futures rising as diminishing prospects for rain in the southern U.S. plains underpinned prices.

Soybean futures fell as the market is pricing in more soybean acres for the United States this spring and summer.

The most active corn contract for July delivery fell 0.75 cent, or 0.19 percent to close at 3.91 dollars per bushel. July wheat delivery went up 1.5 cents, or 0.31 percent to close at 4.9075 dollars per bushel. July soybean delivery dropped 4.25 cents, or 0.4 percent to close at 10.49 dollars per bushel.

The U.S. Department of Agriculture released its Weekly Export Sales Report on Thursday. Data shows that through the week ending April 12, U.S. exporters sold a net 43 million bushels of corn, 38 million bushels of soybeans, 51 million bushels of wheat.

For their respective marketing years to date, the U.S. has sold 1,940 million bushels of corn, down just 2 percent from last year; 1,985 million bushels of soybeans, down just 3 percent; and 844 million bushels of wheat, down 17 percent from last year.