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Chicago corn, wheat, soybeans futures market closes higher ahead of U.S. holiday

Xinhua, July 3, 2015 Adjust font size:

Chicago Board of Trade agricultural commodities futures on Thursday all posted higher with moderate trading volume ahead of July 4 holiday which coincides to be on Saturday.

The most active corn contract for December delivery gained 5.5 cents, or 1.27 percent, to close at 4.3725 U.S. dollars per bushel. September wheat delivery rallied 2 cents, or 0.34 percent, to close at 5.905 dollars per bushel. November soybeans added 0.75 cent, or 0.07 percent, to close at 10.3025 dollars per bushel.

The U.S. Department of Agriculture said Thursday in its weekly export report that for the week ending June 25, the country witnessed net sales of 363,900 metric tons of wheat for delivery in the 2015/2016 marketing year, which began June 1.

Corn net sales were 594,300 metric tons for delivery in 2014/ 2015, up 20 percent from the previous week and 14 percent from the prior four-week average, while soybeans sales were 10,300 metric tons for 2014/2015, down noticeably from the previous week and from the prior four-week average, the report said.

The market will be closed Friday for the celebration of July 4 - - the Independence Day.

For the week, the most active corn contract for December delivery rose by more than 8.7 percent, September wheat gained nearly 4 percent, while November soybeans added almost 4.5 percent. Endite