Chicago agricultural commodities lower in morning trade
Xinhua,May 05, 2018 Adjust font size:
CHICAGO, May 4 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded lower on Friday morning, with soybean futures dropping over 15 cents as investor were worried about escalating trade tensions between China and the United States.
The Weekly Export Sales Report by U.S. Department of Agriculture (USDA) showed China not only didn't buy old-crop U.S. soybeans last week, but also they ended up canceling shipments totaling 133,700 tonnes.
Corn and wheat futures were also lower, following soybeans.
July corn was 2 cents lower at 4.06 U.S. dollars per bushel as of 1450 GMT, July wheat was 12.5 cents lower at 5.255 dollars, July soybean was down 15 cents at 10.3825 dollars.
The Central U.S. weather forecast is dry for the western U.S. Plains with warm temps to allow farmers back in the fields to plant this weekend. USDA looks for some 34-38 percent of the U.S. corn crop to be planted through Sunday. Enditem