Chicago agricultural commodities close higher

0 Comment(s)Print E-mail Xinhua, September 6, 2014
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Trading of Chicago agricultural commodities futures rose across the board Friday, led by corn.

The most active corn contract for December delivery went up 9.5 cents, or 2.74 percent, to close at 3.56 dollars per bushel. December wheat gained 5 cents, or 0.94 percent, to close at 5.3525 dollars per bushel. November soybean climbed 18.25 cents, or 1.82 percent, to close at 10.215 dollars per bushel.

Predictions of potential frost in the Northern U.S. in the next week has added certain support to the grains market. Market analysts hold that Sunday night's temperature forecast will be crucial for trading direction.

U.S. export sales by Aug. 28 were weaker than expected in corn, wheat and soybeans. Exporters sold a net 20.7 million bushels of new crop corn, well below the average needed to hit the target of the U.S. Department of Agriculture.

The weather forecast showed that it will be slightly warmer in all areas after Sept.15. But, North Dakota, Minnesota, and parts of Wisconsin may see frost next Friday and Saturday mornings.

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