Commodities
Prices of Chicago agricultural commodity futures rise across the board
Last Updated:2013-08-20 07:17 | Xinhua
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Chicago agricultural commodity futures were traded higher Monday, as warm and dry weather and positive exports provided support to the trading.

The most active corn contract for December delivery rose 4.855 cent, or 4.75 percent, to close at 4.855 dollars per bushel. December wheat advanced 10 cents, or 1.55 percent, to settle at 6. 535 dollars per bushel. November soybeans rose 44 cents, or 3.49 percent, to close at 13.0325 dollars per bushel.

According to Chicago Mercantile Exchange (CME), the corn market started the week with some bullish sentiment after weekend showers disappointed investors but the five-day forecast suggested warm and dry conditions developing next week.

For wheat, export inspections for the week ending Aug. 8 were recorded at 33.8 million bushels, up about 10 million from the week before. Shipments needed each week to meet the U.S. Department of Agriculture (USDA) forecast are placed at 19.9 million bushels. The cumulative shipment pace is 25 percent of the USDA export estimate compared with a five-year average of 21 percent.

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