CHICAGO, April 5 (Xinhua) -- Chicago Board of Trade (CBOT) soybean futures traded lower on Friday morning, after posting gains of more than 7 cents per bushel in the previous session.
As of 1530 GMT, the most active May soybeans were down 9.25 cents at 8.9725 dollars per bushel. May wheat was down 4 cents at 4.6675 dollars per bushel. May corn was down 3.75 cents at 3.615 dollars per bushel.
Soybean prices jumped on Thursday, mostly boosted by a better-than-expected export report and hopes for a good outcome for the trade talks between the United States and China.
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.
The U.S. Agriculture Department on Thursday said weekly soybean export sales totaled 1.992 million metric tons, topping a range of trade forecasts.
As for weather forecast for agricultural crop, a dense fog advisory is in effect on Friday morning from South Dakota state south into east Texas state, according to the National Weather Service. Enditem
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