CHICAGO, June 17 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled higher on Monday, with soybeans rising over 16 cents per bushel as traders worried about wet weather in U.S. Midwest delaying crop planting.
The most active soybean contract for July delivery added 16 cents, or 1.78 percent to close at 9.1275 U.S. dollars per bushel. July corn delivery was up 1.75 cents, or 0.39 percent to close at 4.5475 dollars per bushel. July wheat delivery was up 1 cent, or 0.19 percent to close at 5.395 dollars per bushel.
As much as six times the normal amount of rain has fallen in parts of the U.S. Midwest in the past month, according to the National Weather Service (NWS).
Much rain is still expected this week in the U.S. Midwest, the NWS said in a report early this morning.
In its Crop Progress Report released on Monday, the U.S. Department of Agriculture (USDA) pegged U.S. soybean planting at 77 percent complete as of Sunday, far behind the 93 percent average.
About 92 percent of U.S. corn was seeded as of Sunday, behind the 100 percent five-year average, the USDA said. Enditem
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