The most active corn contract for March delivery was down 1.75 cents, or 0.45 percent, to close at 3.8825 dollars per bushel. March wheat was down 0.25 cent, or 0.04 percent, to settle at 5.56 dollars per bushel. March soybeans were up 11 cents, or 1.17 percent, to close at 9.525 dollars per bushel.
CBOT soybeans went up again on hopes for increased export sales, especially to China, said market watchers.
Meanwhile, profit taking dragged down CBOT wheat and corn prices.
CBOT brokers estimated that funds bought 4,700 contracts of soybeans on Monday, while selling 3,900 contracts of corn and 2,100 contracts of wheat.
The U.S. Department of Agriculture released its latest crop export inspection report on Monday. In the week ending Dec. 26, a total of 312,017 metric tons of U.S. wheat were inspected or weighed for export, remarkably lower than the 605,545 metric tons in the previous seven days.
Inspected soybeans were pegged at 911,482 metric tons, compared to 1,097,748 metric tons in the prior week.
U.S. corn inspected for export was reported at 408,946 metric tons, roughly at the same level as the previous period's 401,894 metric tons.
Latest comments