CHICAGO, Oct. 19 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures rose across the board on Monday, led by corn.

The most active corn contract for December delivery rose 3.25 cents, or 0.81 percent, to close at 4.0525 U.S. dollars per bushel. December wheat climbed 1.75 cents, or 0.28 percent, to settle at 6.27 dollars per bushel. November soybean gained 4.25 cents, or 0.4 percent, to close at 10.5425 dollars per bushel.

In demand led bull markets, Chicago-based research company AgResource noted. World cash corn, soybean and wheat futures spreads have been holding strong which is underpinning the CBOT.

U.S. Department of Agriculture (USDA) reported the sale of 123,000 metric tons of U.S. corn to Mexico and another 345,000 metric tons to either Mexico, Japan or China.

The Russian Government continues to look for ways to control domestic wheat storage. Clarification from the Russian agricultural ministry is awaited.

It will be wetter across the Eastern Midwest over the next 10 days. Weather forecast stays cold for another 2 weeks with just a few spits of moisture for Plain's HRW wheat. The cold, wet weather will slow the remaining 2020 Midwest corn and soybean harvest.

AgResource holds that for now the CBOT is struggling with large net fund length, slowing Chinese demand for U.S. soybeans, and difficulty in assessing the 2021 impact of reduced Russian wheat production. As a result, wide ranging and volatile CBOT markets are expected in coming weeks, with any break dependent on rains returning for Russian winter wheat and South American crop areas. Enditem

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