CHICAGO, Nov. 23 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed mixed on Friday, with wheat rising slightly over news of U.S. export sales to Egypt.
The most active December corn was down 2.75 cents, or 0.76 percent to close at 3.59 dollars per bushel. March 2019 wheat was up 0.5 cent, or 0.1 percent to settle at 5.0725 dollars. January 2019 soybeans were down 2 cents, or 0.23 percent to settle at 8.81 dollars per bushel.
CBOT brokers reported that funds sold 2,500 contracts of corn and 2,300 contracts of soybeans, while buying 2,100 contracts of wheat.
Wheat market opened much higher after Egypt secured two cargoes of U.S. wheat during Thanksgiving tender on Thursday. The Egyptian orders for U.S., Russian, and Romanian wheat boosted international wheat prices.
Wheat futures ended the session with a slim rise, after giving up some early gains.
As of Nov. 16, U.S. ethanol production from corn fell to the lowest level in a month, while stockpiles were also lower week-to-week, according a recent report released by the U.S. Energy Information Administration.
Amid uncertainty surrounding the U.S. soybean export outlook, the oil seed futures fell again.
On Friday, the U.S. National Weather Service issued winter storm watches from Western Nebraska to Western Illinois, where will be hit by snowfall from late Saturday through Sunday afternoon.
The storm may slow down harvest activity for the last ten percent of corn and soybean crops still in the field.
