Chicago soybean futures lower amid trade concerns

Source: Xinhua| 2018-04-06 23:56:05|Editor: Mu Xuequan
Video PlayerClose

CHICAGO, April 6 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded mixed on Friday morning, with soybean and corn futures lower, as investor were worried about escalating trade tensions between China and the United States.

May corn was 2 cents lower at 3.875 U.S. dollars per bushel as of 1500 GMT, May wheat was 2 cents higher at 4.6675 dollars, while May soybean was down 8.5 cents at 10.2275 dollars.

U.S. President Donald Trump on Thursday said he has asked the U.S. Trade Representative to consider slapping additional tariffs on 100 billion U.S. dollars of Chinese products, ratcheting up trade tensions and plunging economic growth into uncertainty.

China will fight "at any cost" and take "comprehensive countermeasures" if the United States continues its unilateral, protectionist practices, a spokesperson with the Chinese Ministry of Commerce said Friday.

The moves came after both sides unveiled a list of products worth 50 billion dollars imported from the other side that will be subject to higher tariffs earlier this week.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091370925641