CHICAGO, Feb. 20 (Xinhua) -- Chicago Board of Trade (CBOT) soybean futures traded lower on Wednesday morning, as China said it would revamp its agriculture industry and increase planting of soybean.
As of 1530 GMT, the most active March soybeans were down 4.75 cents at 8.96 dollars per bushel. March wheat was down 13.25 cents at 4.765 dollars per bushel. March corn was down 1 cent at 3.6875 dollars per bushel.
China would move to optimize agricultural structure, boost production of green agricultural products, and roll out plans to increase soybean planting, according to the country's "No. 1 central document".
China has been the world's top soybean buyer. Any obvious change on the country's production and output will influence U.S. soybean prices.
CBOT wheat prices were under pressure from poor export demand for U.S. supplies, while corn futures went down on technical selling.
As for weather forecast for agricultural crop, a winter storm warning is in effect for much of U.S. state of Nebraska, almost all of Iowa, parts of southern Minnesota, and eastern Wisconsin, according to the National Weather Service. Enditem
