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Chicago agricultural commodities futures market closes higher

Xinhua, September 26, 2015 Adjust font size:

Chicago Board of Trade (CBOT) corn, wheat and soybeans all settled sharply higher Friday, with soybeans leading the gains on better exports.

The most active corn contract for December delivery added 7.50 cents, or 1.97 percent, to settle at 3.89 U.S. dollars per bushel. December wheat delivery gained 10.50 cents, or 2.11 percent, to close at 5.0775 dollars per bushel. November soybeans advanced 21.25 cents, or 2.45 percent, to close at 8.8925 dollars per bushel.

For the week, corn, wheat and soybeans advanced 3.11 percent, 4.31 percent and 2.54 percent, respectively.

The U.S. Department of Agriculture said in the morning that private exporters reported export sales of 260,000 metric tons of soybeans for delivery during the 2015/2016 marketing year. Analysts said that this news showed signs of improvement of export demand for U.S. soybeans, helping the soybeans manage advance for three successive trading days to close the week.

Analysts said that continued concern about dry weather in Ukraine and Russia will limit production there still brought some bullish wind for wheat Friday.

Corn followed soybeans and wheat higher Friday. Endit