Chicago Board of Trade (CBOT) agricultural futures settled mixed on Wednesday with declining ethanol production pushing down corn prices.

The most active December corn was down 1 cent, or 0.27 percent to close at 3.7425 dollars per bushel. December wheat was down 6 cents, or 1.15 percent to settle at 5.175 dollars. November soybeans were up 1 cent, or 0.11 percent to close at 8.8575 dollars.

According to official data, the U.S. ethanol production through the week ending Oct. 12 fell to 297 million gallons, down 9 million from previous week. Meanwhile, ethanol inventories last week totaled a near-record 1,014 million gallons, up 5 million on the prior week.

The bearish ethanol data dragged down the prices of corn, its raw material.

The world wheat market has been dull since early October. A general lack of news has contributed to the fall of its futures, said analysts.

The fact that 66 percent of U.S. soybean crop was recently rated good/excellent, two percentage points less than a week ago, supported CBOT soybean futures. Enditem