By Tom Polansek
CHICAGO, Aug 12 (.) – Corn and soybean futures rose in Chicago on Wednesday amid short hedging and squaring after the U.S. Department of Agriculture confirmed expectations for huge harvests, traders said. .
* US growers will have the largest corn crop ever seen this fall, thanks to favorable weather that has been crucial for crops, while the country’s soybean crop will be the second-largest on record, the US Department of Health said. Agriculture (USDA).
* Operators are carefully watching production and supply figures after the USDA said earlier this year that farmers planted fewer acres than expected.
* The most active Chicago corn futures contract closed up 3.75 cents at $ 3.2725 per bushel.
* Meanwhile, soybean futures rose 9.25 cents to $ 8.83 per bushel, while wheat fell 4.75 cents to $ 4.9125 per bushel.
* The USDA said its production estimates were based on conditions as of August 1, which did not include the impact of a storm that potentially affected some 10 million acres of farmland in Iowa. (Reporting by Tom Polansek in Chicago. Edited in Spanish by Javier Leira)