CHICAGO, Aug. 9 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed mixed on Wednesday with corn and soybean higher as weather forecasts remain dry for much of the Midwest.
The most active corn contract for December delivery added 2.5 cents, or 0.65 percent, to 3.8625 dollars per bushel. September wheat delivery went up 2.5 cents, or 0.55 percent to 4.595 dollars per bushel. November soybeans stayed unchanged at 9.7375 dollars per bushel.
CBOT brokers estimate that funds have sold 2,400 contracts of wheat, 2,600 contracts of corn and 2,400 contracts of soybeans. The funds have been taking off risk in light volume ahead of the United States Department of Agriculture(USDA) report.
The reports will include the USDA's first assessments of the 2017 U.S. corn and soybean crops based on field surveys, and analysts expect the government to lower its yield forecasts for both crops.
