CHICAGO, Aug. 22 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed lower on Wednesday as large U.S. corn and soybean crop prospects drove down their prices.
The most active corn contract for December delivery fell 7.5 cents, or 2 percent to settle at 3.6675 dollars per bushel. December wheat went down 2.5 cents, or 0.46 percent to close at 5.4525 dollars per bushel. November soybeans were down 15.75 cents, or 1.78 percent to settle at 8.7025 dollars per bushel.
The ongoing Pro Farmer Crop Tour has reported above average corn yields in the states of Indiana, Illinois and Nebraska, sending prices lower. Soybeans continued to fall as well on large crop prospects.
CBOT traders reported funds have sold 4,800 contracts of soybeans and 5,900 contracts of corn.
CBOT wheat futures experienced ups and downs on Wednesday amid uncertainty over export policies in some key wheat-growing countries after adverse weather conditions hit the crops.
Now all eyes are on the crop tour yield figures to be released on Thursday night, and trade talks in Washington between the U.S. and China.
