CHICAGO, May 21 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities closed mixed on Monday with soybeans soaring almost three percent as U.S.-China trade tensions eased.
The most active corn contract for July delivery rose 0.25 cents, or 0.06 percent to settle at 4.0275 dollars per bushel. July wheat delivery went down 11 cents, or 2.12 percent to close at 5.0725 dollars per bushel. July soybeans gained 26.75 cents, or 2.68 percent to settle at 10.2525 dollars per bushel.
China is the top buyer of U.S. soybeans. As both countries have vowed not to launch a trade war against each other, CBOT soybean prices surged over the news.
The two countries issued a joint statement on Saturday on trade consultations, saying both sides have agreed to take effective measures to substantially decrease the U.S. trade deficit in goods with China, meaningfully increase U.S. agriculture and energy exports, and strengthen cooperation on intellectual property protection, among others.
CBOT soybeans' rise of 2.68 percent was the biggest single-day increase in the past seven months, sending its price back above 10 U.S. dollar per bushel level.
Wheat futures, however, posted double-digit losses on Monday over profit-taking after a 4.17 percent rise at the end of last session, while corn prices were almost unchanged.
