CHICAGO, June 7 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled mixed on Thursday with soybeans sliding well below the 10-dollar-per-bushel level.
The most active soybean contract for July delivery fell 20 cents, or 2.01 percent to settle at 9.7425 dollars per bushel. It was the fourth day of fall in a row.
U.S. trade policy uncertainty and the lack of Chinese demand for U.S. soybeans were the two primary reasons that caused July soybeans to fall, said analysts with AgResource, a leading agricultural advisory and research firm based in Chicago.
China has been active in booking Brazilian soybeans for July and August amid the U.S. uncertainty on pending trade tariffs, they added.
China is top buyer of U.S. soybeans. It's a common hope among American farmers that the two sides can solve trade disputes, so they will be able to sell more soybeans to Chinese market.
CBOT corn for July delivery went down 2 cents, or 0.53 percent to close at 5.2675 dollars per bushel. July wheat was up 7 cents, or 1.35 percent to settle at 5.2675 dollars per bushel.
Unfavorable weather in some key wheat growing regions have pushed up the prices of CBOT wheat for three consecutive sessions.
The dryness in parts of Australia, China's north plains and some Black Sea areas may pose threat to the wheat production there, said market observers. Enditem
