CBOT soybeans lower as traders expect new Chinese purchases

Source: Xinhua| 2019-01-11 01:47:29|Editor: huaxia
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CHICAGO, Jan. 10 (Xinhua) -- Chicago Board of Trade (CBOT) soybean futures traded lower on Thursday morning, with market under pressure as traders are awaiting new purchases by Chinese buyers.

As of 1530 GMT, the most active March soybeans were down 16.25 cents at 9.0775 dollars per bushel. March wheat was down 5.75 cents at 5.1425 dollars per bushel. March corn was down 4.25 cents at 3.7775 dollars per bushel.

China and the United States held talks at the vice-ministerial level on economic and trade issues in Beijing from Monday to Wednesday, said a statement from the Chinese Ministry of Commerce.

The talks have enhanced mutual understanding and laid a foundation for addressing each other's concerns, the statement said.

CBOT wheat futures fell after Egypt chose Russian supplies in its latest tender, and corn futures also went down as there is lack of fresh news to support corn prices.

As for weather forecast for agricultural crop, a winter storm watch is in effect for most of eastern Missouri and southern Illinois, according to the National Weather Service. Enditem