Chicago Board of Trade (CBOT) agricultural futures traded lower on Monday morning following sharp gains last week.
As of 1618 GMT, the most active March 2019 wheat was down 6 cents at 5.2525 dollars per bushel. March corn was down 0.75 cent at 3.8475 dollars per bushel. January soybeans were down 4 cents at 9.1275 dollars per bushel.
CBOT futures settled more than two percent higher across the board in the week ending December 7, thanks to better-than-expected export sales and hopes that China and the United States would take measures to ease trade tensions.
The upturn lost momentum on Monday morning amid profit-taking and a stronger dollar, while CBOT grains lacked fresh news to further boost their prices, said market watchers. Enditem