CHICAGO, June 26 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities closed mixed on Tuesday, with soybean futures falling for the second consecutive session, amid massive selling triggered by trade tensions.
The most active corn contract for July delivery rose 2 cents, or 0.57 percent to close at 3.5225 dollars per bushel. September wheat delivery dropped 7.5 cents, or 1.53 percent to close at 4.83 dollars per bushel. November soybean delivery went down 8 cents, or 0.89 percent to close at 8.875 dollars per bushel.
Traders worried about the export prospect of U.S. soybean, as intensifying trade tensions between the United States and China weighed on market sentiment.
Wheat futures sagged with the hard red winter wheat market hitting its lowest in nearly five months on fund-driven long liquidation and pressure from the harvest in the southern U.S. Plains, traders said.
Weekly Crop Progress Report, which is released on Monday by the U.S. Department of Agriculture, showed 77 percent of the U.S. corn (down 1 percentage), 73 percent of the U.S. soybean, and 77 percent (down 1 percentage) of the U.S. spring wheat crop were rated good to excellent condition.
According to the report, the next three weeks are critical for U.S. corn production with much of the U.S. corn crop being pushed by above normal temps.
