Chicago agricultural commodity futures market closes mixed

Chicago agricultural commodity futures were traded mixed Friday, with wheat and soybeans prices up and corn price down. The most active corn contract for May delivery fell 2 U.S. cents, or 0.41 percent, to 4.89 dollars per bushel. May wheat gained 8 cents, or 1.24 percent, to 6.54 dollars per bushel. May soybeans rose 19.75 cents, or 1.37 percent, 14.5775 dollars per bushel. With tight supplies, May soybeans climbed to a record closing high since February. May Chicago wheat also posted its highest close in four months amid dry weather conditions in the west of the U.S. Southern Great Plains and ongoing concerns about the Ukraine crisis. Corn futures fell as investors took profits ahead of the weekend and U.S. farmers sold more of their stocks after the benchmark May contract rose above 5 dollars per bushel for the first time in six months, according to market analysts, but corn still saw a weekly gain of 4.7 percent.