CBOT soybeans rebound after sharp fall

CHICAGO, March 26 (Xinhua) -- Chicago Board of Trade (CBOT) futures were trading mixed on Monday morning with soybeans recovering from last week's plunge amid concerns over trade war between the United States and China.

As of 1440 GMT, May corn was down 2.5 cents at 3.7475 U.S. dollars per bushel while May wheat was down 8.25 cents at 4.52 dollars and May soybeans up 8.5 cents at 10.3675 dollars per bushel.

U.S. President Donald Trump last week announced a plan to impose tariffs on up to 60 billion U.S. dollars of imports from China, in a unilateral move that could draw retaliation from China, leading to fears that U.S. soybeans could be targeted.

But U.S. Treasury Secretary Steven Mnuchin told Fox News on Sunday that they were simultaneously having negotiations with Chinese officials to see if the two sides could reach an agreement. His remarks gave some tentative relief to the market.

Meanwhile, investors feel the soybean prices have reached low enough levels last week considering the drought in Argentina. Enditem