CHICAGO, April 4 (Xinhua) --- Chicago Board of Trade (CBOT) soybean futures rose on Thursday, supported by a better-than-expected export report and hopes for a good outcome for the trade talks between the United States and China.
The most active corn contract for May delivery went up 2.5 cents, or 0.69 percent to close at 3.6525 U.S. dollars per bushel. May wheat delivery was down 0.25 cent, or 0.05 percent to close at 4.7075 dollars per bushel. May soybean delivery was up 7.75 cents, or 0.86 percent to close at 9.065 dollars per bushel.
Soybeans futures already traded higher in the morning session, as more investors showed optimism over ongoing trade talks between the United States and China.
The U.S. Agriculture Department on Thursday said weekly soybean export sales totaled 1.992 million metric tons, topping a range of trade forecasts.
The report showed soybean export sales to China in the week were 1.7 million metric tons, up from zero the previous week.
Wheat futures went down slightly on technical selling, while corn futures firmed on spillover strength from soybeans and short-covering amid worries that wet conditions in the U.S. Midwest could delay planting.
As for weather forecast for agricultural crop, flooding is still the predominate concern on Thursday's weather maps as warnings are in effect for several counties in the U.S. state of North Dakota and Minnesota, according to the National Weather Service. Enditem
