CHICAGO, Feb. 25 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed moderately higher on Tuesday amid bargain buying and short covering.

The most active corn contract for May delivery rose 0.25 cent, or 0.07 percent, to settle at 3.765 U.S. dollars per bushel. May wheat gained 2.25 cents, or 0.42 percent, to end at 5.37 dollars per bushel. May soybeans were up 5.75 cents, or 0.65 percent, to close at 8.8825 dollars per bushel.

Growing concerns over the impact of coronavirus outbreak on global economy and crop trade led to sharp plunge in the past four consecutive CBOT sessions.

Bargain buying and short covering on Tuesday reversed the downtrend, said market watchers.

However, the rebound was not strong due to weak export data.

The U.S. Department of Agriculture (USDA) released on Monday the latest export inspections report. Only inspections of U.S. corn for overseas export rose week to week, while wheat fell moderately and soybeans plunged.

According to USDA data for the seven days ending on Feb. 20, corn inspections for offshore delivery rose to 912,922 metric tons, up from 795,399 metric tons in the previous week and 761,656 tons at the same time a year earlier.

The total volume of U.S. wheat inspected or weighed was pegged at 411,523 metric tons, down from 503,082 tons in the previous seven days, and 767,570 tons a year earlier.

U.S. soybeans examined before export plunged to 594,536 metric tons from 1,005,050 tons a week earlier, compared to 1,308,510 metric tons of soybeans inspected during the same period last year. Enditem

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