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Chicago agricultural commodities close mixed

Xinhua, November 1, 2016 Adjust font size:

Chicago Board of Trade grains futures close mixed on Monday with wheat futures climbing more than 1 percent as traders covered short positions following U.S. regulatory data last week.

Soybean and corn futures both were flat to narrowly mixed in thin-volume trading, with some soybean contracts rebounding from Friday's losses on support from U.S. Department of Agriculture (USDA) data showing big shipments and new sales of soybeans to China.

The most active corn contract for December delivery fell 0.25 cents, or 0.07 percent, to 3.5475 dollars per bushel. December wheat delivery added 7.75 cents, or 1.9 percent, to 4.1625 dollars per bushel. January soybeans fell 0.25 cents, or 0.02 percent, to 10.1175 dollars per bushel.

The USDA said 264,000 tonnes of U.S. soybeans were sold to China and that another 2.87 million tonnes of U.S. soybeans were inspected last week for export.

Robust export demand for U.S. soybeans and corn has offset pressure from record-large U.S. soy and corn harvests.

The USDA said after the close of trading that the U.S. soy harvest was 87 percent complete and corn 75 percent done, roughly in line with analyst expectations.

Soybeans hit a two-month high last week before easing and some investors already were looking ahead to a USDA monthly supply and demand report due on Nov. 9. Endit