Chicago agricultural commodity futures traded mixed Friday, with wheat and soybeans down and corn up on potential exports demand.

The most active corn contract for July delivery rose 11.5 cent, or 1.79 percent, to close at 6.55 dollars per bushel. July wheat fell 4.75 cents, or 0.69 percent, to settle at 6.8075 dollars per bushel. November soybeans fell 2.25 cents, or 0.17 percent, to close at 12.9825 dollars per bushel.

According to the Chicago Mercantile Exchange (CME), the corn market traded lower early in the session but July corn caught a strong bid late in the day to push it up double digits into the close. Some traders indicate that a slowdown in shipping from Argentina and Brazil could push some demand to the U.S. border in the short term.

Wheat futures traded lower on the day on souring technical charts that continue to keep bulls honest amid mostly favorable Northern Hemisphere weather conditions. Traders indicated that the Chicago wheat harvest was running smoothly with trucks dumping at elevators in parts of Kentucky and Missouri.

The soybean market ended the day mixed with the downside being led by the November contract while July soybeans probed into positive territory. The bear camp seemed hesitant to push the short side from current price levels given the uncertain weather outlook and ahead of a very important planting progress report on Monday, which some indicate could come in near 90 percent. Endi

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