CHICAGO, Jan. 25 (Xinhua) -- Chicago Board of Trade (CBOT) soybean futures closed higher on Friday, as traders hoped that planned U.S.-China trade talks next week would bring good outcome.
The most active corn contract for March delivery went up 3.25 cents, or 0.86 percent to close at 3.8025 dollars per bushel. March wheat delivery fell 1.5 cents, or 0.29 percent to close at 5.2 dollars per bushel. March soybean delivery was up 9.25 cents, or 1.01 percent to close at 9.2525 dollars per bushel.
The Chinese Commerce Ministry said earlier this month that Chinese Vice Premier Liu He would visit the United States on Jan. 30-31 for trade negotiations.
China has been the world's top soybean buyer. Any positive development concerning the trade talks between the two sides will boost U.S. soybean prices.
CBOT corn futures firmed, following strength in soybeans, while wheat futures drifted lower, pressured by news that a private forecaster had raised its estimate of Russian wheat exports.
As for weather forecast for agricultural crop, wind chill warnings and watches are in effect for parts of the U.S. Midwest on Friday stretching from central North Dakota south into northern Missouri and east into Ohio.
