CHICAGO, June 16(Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed higher on Friday with wheat posting more-than-two-percent gains for the second consecutive session.
The most active corn contract for July delivery rose 4.5 cents, or 1.19 percent, to 3.84 dollars per bushel. July wheat delivery gained 11.5 cents, or 2.53 percent, to close at 4.6525 dollars per bushel. July soybeans climbed 4.25 cents, or 0.45 percent, to 9.39 dollars per bushel.
Hot and dry weather forecast for wheat-growing regions in the U.S. and some European countries remained a factor which led to the rise of wheat futures. Meanwhile, funds' short-covering played a significant role in the two-day rally, said analysts.
The U.S. Department of Agriculture reported that 120,000 tons of corn was sold to Mexico for the new crop year, which boosted the corn futures.
Soybean futures stayed firm on Friday amid strong demand. Enditem
