The Chicago Board of Trade (CBOT) agricultural futures closed mixed on Wednesday, with soybean prices falling nearly 2% amid flared up trade tensions.
The most active soybean contract for the November delivery plunged 17.25 cents, or 1.88% to settle at 9.0175 U.S. dollars per bushel. September wheat went up 7.25 cents, or 1.33% to close at 5.5375 U.S. dollars per bushel. December corn was up 28 cents, or 3.14% to settle at 9.19 U.S. dollars per bushel.
CBOT soybean futures rose significantly in the previous session. However, concerns over trade tensions between the United States and China once again dragged down the oil seed prices on Wednesday, amid talks that the Trump administration threatened to impose high tariffs on more Chinese goods.
CBOT wheat kept rising amid declining supplies due to extreme weather conditions that hit many wheat producing countries such as France, Germany, Russia and Australia.
Corn prices retreated after five consecutive sessions of gains.
