(MENAFN) Chicago Board of Trade (CBOT) agricultural futures have closed lower in the past trading week which ended Oct. 19, due to less-than-expected export sales.
The most active contract for December corn declined 6.75 cents weekly, or 1.8 percent, to USD3.67 per bushel, while December wheat delivery dropped 2.5 cents, or 0.48 percent weekly, to USD5.1475 per bushel, and November soybeans suffered a 10.75-cent decline, or 1.24 percent, to USD8.5675 per bushel.
Long lasting rainfalls in the U.S. Midwest had led to harvest delays, which in turn supported the prices of corn and soybeans in the past two weeks.
However, as dry weather gradually came back and prevailed in the area, pressure started to build up upon their futures.
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