CHICAGO, July 10 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded lower on Tuesday morning, with corn and soybean futures falling further amid ongoing China-U.S. trade frictions and improved weather conditions in the U.S. Midwest.
December corn was 3.0 cents lower at 3.64 U.S. dollars per bushel as of 1530 GMT, September wheat was 8.5 cents lower at 5.0675 dollars, and November soybean was down 2.5 cents at 8.695 dollars.
Investors were widely worried about the impact of trade frictions between the world's top two economies after the United States began imposing a 25-percent additional tariff on Chinese products worth 34 billion U.S. dollars on Friday.
Accordingly, China canceled purchases of U.S. soybeans for delivery in the 2017-2018 and 2018-2019 marketing years, the U.S. Department of Agriculture said in a report on Friday.
Wheat also fell on favorable weather conditions in Canada that may improve yields.
The U.S. Department of Agriculture's weekly crop progress report released on Monday showed that 75 percent of the U.S. corn crop is rated good or excellent (down 1 percentage point), 71 percent of the U.S. soybean is rated good or excellent (unchanged) with 80 percent of the U.S. spring wheat is rated good or excellent (up 3 percentage points).
