CHICAGO, March 18 (Xinhua) -- Chicago agricultural commodity futures were traded mixed Monday, with wheat and soybeans prices down but corn prices going up on weather concerns.
The most active corn contract for May delivery rose 3 cents, or 0.42 percent, to close at 7.20 dollars per bushel. May wheat fell 10.25 cents, or 1.42 percent, to settle at 7.1275 dollars per bushel. May soybeans also fell 16.5 cents, or 1.16 percent, to close at 14.095 dollars per bushel.
According to Chicago Mercantile Exchange (CME), May corn traded lower early in the session but managed to climb back to positive territory late in the day. The corn market saw modest buying support from the firm U.S. interior markets and thoughts that the 2013 crop may see extensive planting delays.
Wheat markets traded lower on the day in what was a mostly negative session for the broader-commodity market as euro-zone financial fears hit the market over the weekend. Export inspections for the week ending March 14 were reported at 23.9 million bushels, down from 27.9 million for the previous week.
May soybeans traded lower into the closing bell on weak technical signals and data that may suggest demand is beginning to slow out of the U.S. Shipments for the week ending March 14 came in at 8.9 million bushels, down from 17.1 million the week earlier and a new marketing year low for shipments.