U.S. agricultural futures close mixed

By Xu Jing

CHICAGO, Aug. 10 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed mixed on Wednesday, with corn and wheat rising and soybean falling slightly.

The most active corn contract for December delivery rose 4.5 cents, or 0.73 percent, to settle at 6.185 U.S. dollars per bushel. September wheat gained 18.25 cents, or 2.34 percent, to settle at 7.9975 dollars per bushel. November soybean fell one cent, or 0.07 percent, to settle at 14.2775 dollars per bushel.

CBOT grain futures were higher on ebbing U.S. inflation.

Central U.S. weather is highly important with the cooler temperatures aiding filing corn. Chicago-based research company AgResource is longer term bullish.

The U.S. Department of Agriculture announced that China purchased 196,000 metric tons of 2022-2023 U.S. soybeans.

The U.S. dollar has fallen sharply against the Brazilian real. The surging real has shut down Brazilian farm selling.

It will be wetter with needed rain across Nebraska, Western Iowa and Kansas early next week. Until then, hot and dry weather prevails which will further stress crops. Several shower events will keep corn and soybean crops in Eastern Midwest well-watered.

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