Chicago Board of Trade (CBOT) agricultural futures settled lower on Monday, with soybeans and corn falling more than one percent over trade uncertainties.

The most active corn contract for July delivery was down 6.5 cents, or 1.75 percent to 3.6425 U.S. dollars per bushel. July wheat was down 0.75 cent, or 0.17 percent to 4.3725 dollars per bushel. July soybeans were down 12 cents, or 1.42 percent to 8.3025 dollars per bushel.

During last week, CBOT soybeans posted a loss of almost 3 percent. The downtrend continued on Monday amid trade uncertainties.

The U.S. Department of Agriculture released on Monday its latest export inspections report for the week ending May 2, showing U.S. soybean export inspections were higher than the previous week, but the total volumes in the current market year to date were 27 percent lower than the same period last year.

Meanwhile, the U.S. corn export inspections were 976,842 metric tons, down from 1,366,477 metric tons in the previous week.

Profit taking added pressure to corn futures, which had risen significantly in the past seven straight sessions, said market watchers.

CBOT wheat also fell on Monday, but very slightly.

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