Chicago agricultural commodity futures were traded mixed Friday, with wheat and soybeans prices going up while the corn price down.
The most active corn contract for July delivery fell 7.5 U.S. cents, or 1.48 percent, to settle at 4.995 dollars per bushel. July wheat rose 8.75 cents, or 1.24 percent, to settle at 7.16 dollars per bushel. July soybeans rose 9.75 cents, or 0.67 percent, to close at 14.7075 dollars per bushel.
July wheat posted its highest close in more than a year with a hot and dry forecast fueling drought concerns in the southwestern U.S. Plains. July soybeans took back part of Thursday's big loss, but July corn fell lower with expectations for better planting weather ahead.
Statistics show July corn slid to its lowest level in more than a week. Market analysts believe, warmer and drier weather in the central and southern portions of the U.S. Midwest will provide farmers an opportunity to catch up on behind-schedule planting of the crop.