U.S. soybean futures retreat on trade frictions

0 Comment(s)Print E-mail Xinhua, May 18, 2019
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CHICAGO, May 17 (Xinhua) -- Chicago Board of Trade (CBOT) soybean futures fell in morning trading on Friday, as traders showed increasing concerns about the escalating trade frictions between the United States and China.

As of 1530 GMT, the most active July soybean was down 9 cents at 8.3075 dollars per bushel. July corn was up 3.75 cents at 3.8275 dollars per bushel. July wheat was up 5.5 cents at 4.725 dollars per bushel.

Soybean market eased on concerns about rising tensions that threatened to prolong U.S-China trade frictions that has chilled demand for U.S. soybean exports from the world's top buyer China of the oil seed.

CBOT corn and wheat futures were higher as wet weather keeps producers out of fields in the northern U.S. plains and U.S. Midwest. Enditem

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