CHICAGO, Sept. 5 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled mixed on Thursday, with soybeans dropping over 1 percent on weak export demand and plentiful supplies.
The most active wheat contract for December delivery was up 5.5 cents, or 1.19 percent, to settle at 4.6625 U.S. dollars per bushel. December corn was up 0.25 cent, or 0.07 percent, to 3.5875 dollars per bushel. November soybeans were down 14 cents, or 1.6 percent, to 8.615 dollars per bushel.
CBOT soybean futures firmed in early moves on news that Chinese and U.S. chief trade negotiators agreed to jointly take concrete actions to create favorable conditions for further consultations in October.
But soybeans turned lower as investors shifted their focus to ample U.S. supplies and prospects for large harvests in South America, which has ramped up exports to China in the previous months.
CBOT wheat futures rose on short-covering and worries about drought in Australia, and corn futures followed wheat higher. Enditem