Chicago soybeans slide following two days of rise

CHICAGO, Jan. 17 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities were trading mixed on Wednesday morning with soybean futures falling over profit-taking.

As of 1519 GMT, March corn was up 2.25 cent at 3.505 U.S. dollars per bushel, March wheat was up 2.5 cents at 4.19 dollars while March soybeans were down 6 cents at 9.62 dollars per bushel.

CBOT soybeans had posted gains in the past two sessions after the U.S. Department of Agriculture (USDA) reduced its projection for 2017-18 output. The government pegged U.S. production at 119.52 million metric tons, down from 120.44 million a month earlier.

Profit-taking during the morning trading led to the fall of soybean futures.

Meanwhile, CBOT wheat futures, which had seen losses for three consecutive sessions after the USDA raised its estimate for planted acres well above estimates, rallied on Wednesday morning over bargain-buying. Enditem