Chicago soybeans, corn extend declines; wheat rebounds

Chicago Board of Trade (CBOT) agricultural commodities closed mixed on Friday with soybeans falling for a third straight session, corn logging a four-day losing streak, while wheat bouncing back following falling for three successive days.

The most active corn contract for December delivery lost 2.5 cents, or 0.66 percent, to close at 3.7725 U.S. dollars per bushel. December wheat delivery added 5.25 cents, or 1.09 percent, to close at 4.8675 dollars per bushel. November soybeans fell 17.25 cents, or 1.95 percent, to close at 8.6725 dollars per bushel.

Chicago soybeans Friday extended its decline into third straight day, falling by almost 2 percent, as commodity markets were mostly weaker following the U.S. Central Bank's comments about concern over global economic growth late Thursday.

Corn prices slipped for a fourth consecutive session, coming under pressure from the U.S. harvest's progress and falling crude oil prices.

Wheat futures settled higher on Friday with snappong its three-day losing streak, as markets found support from short covering amid a recent wheat tender by Egypt, the world's largest wheat importer.

For the week, the most active corn contract for December delivery lost 2.52 percent, December wheat shed 0.36 percent, while November soybeans dropped by 0.8 percent. Endit