CHICAGO, June 28 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled mixed on Friday, with corn dropping after the U.S. Department of Agriculture (USDA) pegged U.S. planted acres well above trade expectations despite rains and flooding this spring that disrupted sowing.
The most active soybean contract for November delivery was up 10.75 cents, or 1.18 percent to close at 9.23 U.S. dollars per bushel. December corn delivery was down 19.5 cents, or 4.32 percent to close at 4.315 dollars per bushel. September wheat delivery was down 19.5 cents, or 3.57 percent to close at 5.2725 dollars per bushel.
In its annual acreage report on Friday, the USDA said U.S. farmers seeded 91.7 million acres of corn and 80.0 million acres of soybeans. This compares with the government's March forecasts of 92.8 million corn acres and 84.6 million soybean acres.
Analysts, on average, were expecting corn acres at 86.6 million and soybean acres at 84.4 million.
Soybean futures rose as the USDA said Friday that private exporters sold 544,000 metric tons of U.S. soybeans to China for delivery in the 2018/19 marketing year. Enditem
