CHICAGO, April 16 (Xinhua) -- Chicago Board of Trade (CBOT) futures were trading lower on Monday morning with wheat prices declining further on forecasts for rainfall in the southern U.S. plains and signs of weak demand.
As of 1459 GMT, May corn was down 3 cents at 3.8325 U.S. dollars per bushel while May wheat was down 9.25 cents at 4.6325 dollars and May soybeans down 4.75 cents at 10.495 dollars per bushel.
Kansas, Oklahoma and Texas, all wheat growing states, have seen little rain for months, which led to bad ratings of crops.
According to weather forecasts, as much as four centimeters of rain would fall in the region later this week and that would give thirsty winter wheat crops much-needed water.
Weak demand for U.S. wheat put additional pressure on the CBOT market.
