CHICAGO, June 18 (Xinhua) -- Chicago Board of Trade (CBOT) futures settled mixed on Monday with soybeans rebounding amid bargain buying after three consecutive days of sharp decline.
The most active soybean contract for July delivery rose 3 cents, or 0.33 percent, to settle at 9.085 dollars per bushel. July corn went down 5.25 cents, or 1.45 percent to close at 3.56 dollars per bushel. July wheat was down 9.5 cents, or 1.90 percent to settle at 4.90 dollars per bushel.
CBOT soybeans suffered significant losses in the past three sessions in a row over concerns about trade tensions. When the prices tested the 9 dollar per bushel level, bargain hunting investors came in and reversed the downturn.
Thanks to dry weather conditions in the past week, said market observers, U.S. winter wheat growers in the southern plains have sped up their crop harvest, which further dragged down the prices.
Corn futures also posted sharp losses in its fourth consecutive session of decline.
CBOT floor brokers reported that funds on Monday sold 3,000 contracts of wheat, 7,000 contracts of corn, and 900 contracts of soybeans. Enditem
