CHICAGO, Oct. 9 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed mixed on Friday, with corn and soybean rising and wheat falling slightly.

The most active corn contract for December delivery rose 8 cents, or 2.07 percent, to close at 3.95 U.S. dollars per bushel. December wheat fell 1.5 cents, or 0.25 percent, to settle at 5.9375 dollars per bushel. November soybean gained 15.5 cents, or 1.48 percent, to close at 10.655 dollars per bushel.

U.S. Department of Agriculture (USDA) October crop report was mildly bullish by trimming both planted and harvested acres for U.S. corn and soybeans, said Chicago-based research company AgResource.

The report pegged 2020 U.S. corn planted acres at 91 million acres with harvested at 82.5 million acres, both were down 1 million acres. It pegged U.S. soybean seeding at 83.1 million acres, and harvested at 82.3 million acres, both were down 700,000 acres. U.S. combined corn and soybean seedings fell 1.7 million acres from the June 30 report.

The report held U.S. soybean yield steady at 51.9 bushels per acre (BPA), and corn at 178.4 BPA, down 0.1 BPA from September.

The 2020 U.S. corn crop was 14,722 million bushels, up 1,100 million bushels from last year; and soybeans were up 750 million bushels. Based on this, the 2020 U.S. corn crop is 2nd largest on record, while U.S. soybean crop is the 4th largest on record. 2020 U.S. corn and soybean crops are adequate, AgResource noted.

U.S. 2020-2021 corn end stocks were forecast at 2,167 million bushels with exports holding steady at 2,325 million bushels. USDA's World Agricultural Supply and Demand Estimate (WASDE) report left China's corn imports at 7 million metric tons, but U.S. corn export estimate reflects that China will take 14 million metric tons of U.S. corn.

U.S. 2020-2021 soybean end stocks were pegged at a tight 290 million bushels with exports raised to 2,200 million bushels, up 75 million bushels from September. China is expected to import 100 million metric tons in 2020-2021. It took 97.4 million metric tons of world soybeans last year.

U.S. 2020-2021 wheat end stocks were lowered to 883 million bushels, down 42 million bushels from September. U.S. 2020-2021 wheat exports were left unchanged at 975 million bushels.

2020-2021 world corn end stocks were lowered by 5.9 million metric tons to 300.8 million metric tons; soybean stocks declined to 88.7 million metric tons. But world wheat end stocks were still at a record large 321.4 million metric tons. World grain stocks did not fall as much as feared, AgResource noted.

Funds rushed in with fresh buying following the October USDA report, AgResource noted. South American, Russian and U.S. Plains weather along with any future Chinese demand will direct CBOT agricultural values into November, it predicted. Enditem

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