Chicago agricultural commodities settle higher

Source: Xinhua| 2017-09-21 06:52:55|Editor: Liu
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CHICAGO, Sept. 20 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed higher on Wednesday with soybean futures rising from recent low level, buoyed by strength in commodities and resurgent soy export demand.

Wheat and corn followed the firm trend, with both grains rebounding after a two-session slide as the U.S. corn harvest reached the Midwest.

The most active corn contract for December delivery added 1.75 cents, or 0.5 percent, to 3.5 dollars per bushel. December wheat delivery rose 6.75 cents, or 1.52 percent, to 4.4975 dollars per bushel. November soybeans went up 4.5 cents, or 0.47 percent, to 9.7 dollars per bushel.

Soybeans hit a session high after the U.S. Department of Agriculture said private exporters sold 1.2 million tons of U.S. soybeans, including 1.08 million tons to unknown destinations.

Wheat rose mostly on technical buying and short-covering, but it struggled to push much above 4.50 dollars a bushel.

In the outside markets, the Brent crude oil market is 0.82 dollar higher, the U.S. dollar is higher, and the Dow Jones Industrials are 25 points lower.

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