CBOT soybeans continue to drop over trade concerns

Source: Xinhua| 2018-08-03 00:19:59|Editor: huaxia
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CHICAGO, Aug. 2 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures traded mixed on Thursday morning, with soybeans falling on continued concerns about trade.

As of 1455 GMT, the most active corn contract for December was up 2.5 cents at 3.82 dollars per bushel, and September wheat was up 8 cents at 5.6625 dollars, while November soybeans were down 9.5 at 8.9225 dollars per bushel.

Concerns over trade tensions between the United States and China continued to drag down the oil seed prices.

The Soybean Association of Iowa, one of the leading soy growing state in the U.S., has sent a delegation to Europe on a trade mission to sell more of their products.

But Grant Kimberly, marketing director of the association, told Radio Iowa from Europe that other countries can hardly offset all that after China started to shun U.S. soybeans amid trade tensions.

CBOT wheat rose further on Thursday morning as a result of declining supplies after drought hit several key wheat exporting countries. Enditem

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