Chicago Board of Trade (CBOT) agricultural commodities traded mixed on Wednesday morning, with wheat futures rebounding as investors seeking a bargain jumped back into the market after double-digit losses on Tuesday.

The most active December corn was down 1.25 cents at 3.67 U.S. dollars per bushel as of 1530 GMT. December wheat was 0.5 cent higher at 5.32 dollars. November soybean was down 2 cents at 8.4225 dollars.

CBOT wheat futures fell 14 cents on Tuesday after Russia's government said it didn't see a need to limit exports of the grain.

Many analysts and traders had driven up the price of wheat on speculation that shipments from Russia, the world's biggest exporter of the grain, would be curbed due to production issues.

Dry weather throughout the growing season hurt the Russian wheat crop, which is expected by the U.S. Department of Agriculture to fall to 68 million tonnes this year from almost 85 million tonnes last year. Exports are pegged at 35 million tonnes, down from 42 million tonnes tonnes a year earlier.

As for weather forecast for agricultural crop, Tropical Storm Gordon made landfall near the Mississippi-Alabama border on Tuesday, which means rain, floods, and storms for parts of the states into Arkansas for the next few days, according to the National Weather Service. Enditem