CHICAGO, Sept. 19 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed lower on Tuesday with corn futures falling nearly 1 percent on technical selling as the harvest of a large U.S. crop loomed.
Soybeans followed the weak trend, declining in the absence of fresh supportive news, and wheat retreated from early advances as traders awaited reports from the U.S. crop harvest.
The most active corn contract for December delivery dropped 3.25 U.S. cents, or 0.92 percent, to 3.4825 dollars per bushel. December wheat delivery fell 0.5 cent, or 0.11 percent, to 4.43 dollars per bushel. November soybeans inched down 2.25 cents, or 0.23 percent, to 9.655 dollars per bushel.
CBOT brokers report that funds on Tuesday have sold 6,000 contracts of soybeans, 7,000 contracts of corn, and 3,200 contracts of wheat.
In other markets, the Brent crude oil market was down 0.40 dollar; the U.S. dollar edged down, and the Dow Jones Industrials were 51 points higher.
Jason Roose, U.S. Commodities grain analyst, said that grains were trading mixed Tuesday with harvest and yields dictating direction.
Slower farmer selling will limit the selling, and light exports kept pressure on the grains early, he added.
