CHICAGO, Dec. 12 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities were mixed during Tuesday morning trading with soybeans leading the decline.
As of 1605 GMT, January soybeans were down 6.25 cents at 9.7625 dollars per bushel, March wheat was down 0.75 cent at 4.1275 while March corn was unchanged at 3.49.
CBOT soybeans have suffered losses for four consecutive sessions over ample stocks.
U.S. Department of Agriculture (USDA) is to release its monthly world agricultural supply and demand estimates report today. For soybeans, some analysts are expecting the department to put inventories at the end of this marketing year at 438 million bushels, up from November's projection of 425 million bushels.
Trade observers have also noticed unusual surge last week in Brazilian corn exports, which stood at 1.05 million metric tons. In comparison, the U.S. inspections of exported corn were just 658,000 metric tons.
But the exports of Brazil's corn so far were still lagging behind the USDA projection. Enditem
