Chicago Agriculture Commodities Traded Lower
$CORN, $WEAT, $SOYB
Chicago Board of Trade (CBOT) agriculture commodities traded lower Monday morning amid concerns over the ongoing trade dispute between the United States and China.
As of 1456 GMT, July Corn was down 5.5c at 4.0075 bu, while July Wheat was down 13.75c at 5.125 bu, and July soybeans down 18c at 10.1875 .bu
CBOT futures, especially Soybean, have slid sharply as news reports indicated very limited progress was made during a high-level meeting between the 2 sides in Beijing last week.
Concerns are growing among CBOT traders that the dispute between the United Stats and China will continue.
Additional pressure came from mostly favorable US weather, said observers.