Chicago Board of Trade agricultural commodities closed up on Tuesday with corn, soybeans, and wheat rising.
The most active corn contract for March delivery rose 2.25 cents, or 0.55 percent, to close at 4.14 U.S. dollars per bushel. Soybeans for January delivery gained 0.25 cents, or 0.02 percent, to close at 10.385 dollars per bushel. Wheat for March delivery added 9.75 cents, or 1.56 percent, to close at 6.355 dollars per bushel.
Moderate fund buying in low pre-holiday volume caused a slight rise in commodities on Tuesday, analysts said.
They added that wheat futures were supported by new forecasts for colder weather in the Plains and Midwest next week, which could hurt winter wheat there.
DuPont Pioneer, a famous agriculture company, said Monday it received "official notice today of the new approval" for soybean product, pushing the soybean futures higher.
While another company, Syngenta, said on Monday it received official notice of approval imports of U.S.-grown corn, as a result, the corn goes higher Tuesday. The volume of trade remains limited due to the upcoming Christmas holiday. The CBOT will be closing early at 12 noon local time Wednesday.
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