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Chicago agricultural commodities close mixed

Xinhua, March 20, 2015 Adjust font size:

Chicago Board of Trade (CBOT) agricultural commodities closed mixed on Thursday with wheat rising slightly while corn and soybeans fell slimly.

The most active corn contract for May delivery lost 1.25 cents, or 0.33 percent, to close at 3.735 U.S. dollars per bushel. Wheat for May delivery gained 1.25 cents, or 0.24 percent, to close at 5. 12 dollars per bushel. May soybeans fell 3.25 cents, or 0. 34 percent, to close at 9.6175 dollars per bushel.

It has been a thin volume day of trade with corn, soybeans and wheat as the recent FED announcement turned out to be dovish on Wednesday, analysts said.

The U.S. dollar has rallied sharply Thursday, which has pulled any fund buying from commodities, put pressure for agriculture commodities, except that the wheat market catches a bid on dry plain weather, the chicago-based company Agresource said in its daily newsletter

Fund buying was based on concerns that the dry weather may damage the wheat as the crops were struggling after breaking dormancy. CBOT floor brokers reported net buyers bought around 1, 800 contracts of wheat in the morning. Endite