Chicago agricultural commodities higher in morning trade

CHICAGO, April 30 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded higher on Monday morning, with corn futures reaching a nine-month high as wet weather continued to keep producers from planting in parts of the U.S. Midwest.

July corn was 3.5 cents higher at 4.02 U.S. dollars per bushel as of 1455 GMT, July wheat was 9.25 cents higher at 5.08 dollars, July soybean was up 3.4 cents at 10.5975 dollars.

As much as 2 inches of rain have fallen in parts of the Midwest in the past week, according to government maps. Missouri, eastern Kansas, and central Nebraska have all seen rain, along with most of the Delta states, according to the National Weather Service.

Money managers reduced their bullish bets on corn and soybeans while bumping their net-long positions in hard red winter wheat.

In the week that ended on April 24, speculators were net long by 114,118 corn futures contracts, down from 126,389 contracts a week earlier, according to the Commodity Futures Trading Commission. That's the lowest level in almost a month. Enditem