CHICAGO, July 18 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled lower on Thursday amid poor export sales and much-needed rainfall in the Midwest.

The most active corn contract for December delivery was down 11.75 cents, or 2.66 percent, to 4.2975 U.S. dollars per bushel. September wheat was down 12 cents, or 2.37 percent, to 4.935 dollars per bushel. November soybeans were down 1.5 cents, or 0.17 percent, to 8.99 dollars per bushel.

The U.S. Department of Agriculture (USDA) on Thursday released the latest weekly export sales report. For the period of July 5-11, U.S. exporters reported net sales of 200,000 metric tons for 2018/19 marketing year, down 60 percent from the previous week and 21 percent from the prior four-week average.

Net soybean sales reached 127,900 metric tons for 2018/19, down 3 percent from the previous week and 68 percent from the prior four-week average.

CBOT soybeans saw a choppy session. The oil seed futures posted sharp losses in morning trade, but recovered most of the early losses at market close.

Wheat futures were also dragged down by the falling corn, despite net weekly export sales of 347,300 metric tons for 2019/20, which were up 22 percent from the previous week and 2 percent from the prior four-week average.

As the U.S. Midwest states prepare for another round of summer heat wave through this upcoming weekend, thunder storms in northern parts of Midwest on Thursday morning somewhat eased the hot and dry conditions there. Enditem

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