CHICAGO, Sept. 14 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed mixed on Thursday, with corn and wheat falling and soybeans rising.
The most active corn contract for December delivery fell 1.75 cents, or 0.36 percent, to settle at 4.805 U.S. dollars per bushel. December wheat lost 3.5 cents, or 0.59 percent, to settle at 5.9375 dollars per bushel. November soybean rose 10.75 cents, or 0.8 percent, to settle at 13.605 dollars per bushel.
CBOT trade volume remains tepid as traders measure U.S. yield results. The National Oilseed Processors Association crush report will be released on Friday.
U.S. farmers are starting harvest of corn and finding yields are below their hopes. Soybeans are also finding additional disease pressures as the crop rapidly dries down. Chicago-based research company AgResource is bullish of soyoil followed by soybeans and wheat. This is no place for new sales.
Early day rumors went that Ukraine was preparing to load out three large vessels or 50,000 metric tons of corn from an Eastern European port and Odessa.
U.S. grain export sales for the week ending Sept. 7 were 16.1 million bushels of wheat, 29.7 million bushels of corn and 25.9 million bushels of soybeans. For respective crop years to date, the United States has sold 305.4 million bushels of wheat, down 19 percent year on year; 439 million bushels of corn, down 9 percent; and 612 million bushels of soybeans, down 34 percent.
Northern Brazilian farmers are getting worried about dry soils and near record heat with the 2023 soybean planting season starting Friday.
Limited rainfall is forecast across the Midwest over the next 5-6 days. Harvest in the Midwest and the Delta will be accelerating amid the dry and sunny weather trend. Improved rainfall will drop across the Plains and the Western Midwest beyond Sept. 18.
