Chicago Board of Trade (CBOT) soybean futures rebounded on Friday as bargain hunters sought cheap supplies after trade tensions pushed the prices to new lows.

The soybean contract for November delivery rose 14.75 cents, or 1.64 percent to settle at 9.1625 U.S. dollars per bushel. July corn edged up 0.25 cent, or 0.07 percent to close at 3.5725 dollars per bushel. September wheat was down 2.5 cents, or 0.49 percent to settle at 5.0425 dollars per bushel.

When soybean prices fell to the lowest level since March 2016 amid ongoing trade tensions between the United States and China, speculative investors snapped up cheap contracts and pushed up the prices.

U.S. exporters recently reported 218,000 metric tones of new crop corn to Panama and Mexico and 30,000 metric tons of old crop to Mexico. The export sales supported corn prices.

CBOT wheat fell on Friday due to profit taking after significant rises in the past two sessions, said market observers.

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