Chicago agricultural commodities futures market closes slight higher across board

Corn, wheat and soybeans at Chicago Board of Trade (CBOT) all settled a little higher Monday as an official report showed improved export.

The most active corn contract for December delivery added 0.25 cents, or 0.07 percent, to close at 3.7525 U.S. dollars per bushel. December wheat delivery was up 1.25 cents, or 0.26 percent, to close at 4.85 dollars per bushel. November soybeans gained 2 cents, or 0.23 percent, to close at 8.875 dollars per bushel.

The U.S. weekly export inspections from the United States Department of Agriculture (USDA) showed that corn export was 1,000,175 metric tons in the week ending Aug. 27, much higher than the previous week and also higher than the same week of last year; wheat was 601,639 metric tons, also higher than the previous week and the same week of last year; soybeans were 184,285 metric tons, lower than previous week but much higher than the same week of last year.

Analysts said that these data were all above expectations and supportive.

Private exporters reported export sales of 125,000 metric tons of soybeans for delivery to unknown destinations during the 2015/2016 marketing year, which was considered to add support to soybeans, according to USDA.