Corn, soybeans and wheat futures closed mixed on the Chicago Board of Trade (CBOT) Friday, with corn and soybeans falling, and wheat rising.
The most active corn contract for December delivery fell 4.5 cents, or 1.17 percent, to close at 3.8175 U.S. dollars per bushel. The most active soybean contract for January delivery lost 31 cents, or 2.94 percent, to close at 10.225 dollars per bushel. The most active wheat contract for December delivery rose 6.75 cents, or 1.22 percent, to close at 5.605 dollars per bushel.
The U.S. export sales weekly report from the U.S. Department of Agriculture (USDA) for the week ending Nov. 6 showed net wheat sales for delivery in the 2014/2015 marketing year rose 57 percent from the previous week, and corn net sales were up 6 percent, while soybean net sales went down 33 percent.
Friday's trading was light as wheat futures held firmer while corn and soybeans weakened. The best selling pressure occurred in soybeans as November expiration and worse-than-expected weekly U.S. soymeal exports potentially showed expanded domestic supply.
Dry and warm weather is slated from Friday into the middle of next week, with the potential for some rains. The outlook for South American crops is favorable into early December. Analysts say chances of precipitation in central Brazil increased, boosting its crop prospects and putting pressures on CBOT soybeans.