CHICAGO, Oct. 12 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed mixed on Thursday with soybeans rallying sharply due to decreased U.S. ending stocks.
The most active corn contract for December delivery rose 3 cents, or 0.87 percent, to 3.49 dollars per bushel. December wheat delivery went down 2.75 cents, or 0.63 percent, to 4.305 dollars per bushel. November soybeans soared by 26.75 cents,or 2.77 percent, to 9.92 dollars per bushel.
The U.S. Department of Agriculture (USDA) released its latest supply and demand report on Thursday, pegging the soybean ending stocks at 430 million bushels, much less than 475 million bushels announced last month. This sent the soybean futures to almost 10-dollar-per-bushel level.
Meanwhile, the USDA estimated corn stocks at 2.34 billion bushels, compared with its previous estimate of 2.335 billion last month. This was a very moderate rise, when considering the expected high yields of U.S. corn.
The U.S. wheat ending stocks were estimated at 960 million bushels, which increased 2.89 percent from USDA last month's estimate of 933 million.
With already redundant world supply, the latest U.S. wheat data led to the fourth decline of its future prices in a row.
