Chicago agricultural commodities mixed

Chicago Board of Trade agricultural commodities closed mixed on Friday with corn, wheat rising slightly and soybeans falling.

The most active corn contract for March delivery rose 0.5 cents, or 0.13 percent, to close at 3.8575 U.S. dollars per bushel. Soybeans for March delivery fell 7.75 cents, or 0.79 percent, to close at 9.735 dollars per bushel. Wheat for March delivery added 1.25 cents, or 0.24 percent, to close at 5.27 dollars per bushel.

Analysts attributed the down of soybean to the world's demand shift to the Southern Hemisphere. News emerged in the market that Mexico is talking with Paraguayan to import soybeans instead of American, and a cargo of Paraguayan soybeans have been sold to Mexico. Traditionally, Mexico is a U.S. export destination for soybean products.

Analysts said that traders have been selling grain and soybean rallies on a much stronger U.S. dollar. The Dollar Spot Index, a measure of the greenback against a basket of major currencies, rose by a sharp 1.22 percent to 94.7140, putting pressure on the agricultural commodities.

Commodity futures fall on a stronger dollar as the dollar strength makes the dollar-priced more expensive and less attractive for buyers holding other currencies. Endite