U.S. corn futures end higher on weather concerns – Xinhua

CHICAGO, Oct. 30 (Xinhua) — Chicago Board of Trade (CBOT) agricultural futures closed mixed on Wednesday, with corn futures edging higher on technical buying and weather concerns.

The most active wheat contract for December delivery was down 2.25 cents, or 0.44 percent, to settle at 5.0925 U.S. dollars per bushel. December corn was up 4.5 cents, or 1.17 percent, to settle at 3.9075 dollars per bushel. January soybeans were down 3 cents, or 0.32 percent, to 9.305 dollars per bushel.

Corn futures crept higher on uncertainty about unfavorable weather threatening the size and quality of delayed autumn harvests.

Traders were watching forecasts as snow and rain are expected in parts of the U.S. corn belt, followed by chilly temperatures. The weather could further delay autumn harvests, after rains and historic flooding stalled plantings in the spring.

Wheat futures weakened for third straight session amid a lack of news.

Soybean futures fell as traders are uncertain about crop export prospect. However, the declines were limited by worries about U.S. harvest delays. Enditem

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