Chicago agricultural commodities settle mixed

Source: Xinhua| 2018-09-15 06:35:42|Editor: huaxia
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CHICAGO, Sept. 14 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities closed mixed on Friday, with wheat futures surging over two percent as bargain hunters came looking for supplies after the grain fell almost 10 cents on Thursday.

The most active corn contract for December delivery went up 1.25 cents, or 0.36 percent to close at 3.5175 dollars per bushel. December wheat delivery added 14.5 cents, or 2.92 percent to close at 5.115 dollars per bushel. November soybean delivery fell 2.75 cents, or 0.33 percent to close at 8.305 dollars per bushel.

The gains in wheat pulled corn futures slightly higher but expectations for a bumper U.S. corn harvest stifled rally attempts. Soybean futures closed lower on dimmed export prospect of U.S. soybean crop in global market.

As for weather forecast for agricultural crop, Hurricane Florence is downgraded to a tropical storm but will continue to threaten the U.S. states of North Carolina and South Carolina with powerful winds and catastrophic freshwater flooding, according to the National Weather Service. Enditem