CHICAGO, Dec. 15 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures rose across the board on Friday, led by wheat.
The most active corn contract for March delivery rose 3.75 cents, or 0.78 percent, to settle at 4.83 U.S. dollars per bushel. March wheat soared 13.5 cents, or 2.19 percent, to settle at 6.2925 dollars per bushel. January soybean gained 1.75 cents, or 0.13 percent, to settle at 13.1575 dollars per bushel.
The volume of trade has been slowed by the coming holidays with few wanting to add to risk profile heading into the end of the year. It feels like the holidays have started at CBOT with farmers in the United States, Brazil and Argentina on hold with grain sales. Brazilian crops are declining. Chicago-based research company AgResource maintains a view of waiting for weather inspired CBOT rallies to make new sales.
The U.S. Department of Agriculture reported the sale of 447,500 metric tons of U.S. soybeans to an unknown buyer and 134,000 metric tons of U.S. soybeans to China.
The National Oilseed Processors Association crush report released Friday reflected a record large November soybean crush rate of 189 million bushels with member soyoil stocks rising to 1.214 billion pounds. The report included the crush and soyoil stocks from two new facilities in the Upper Midwest and Northern Plains that were not included in the October report.
Six-day weather forecast is dry for Northern and Central Brazil. Argentina and Southern Brazil rainfall are forecast to be near normal which favors yield. ■
