CHICAGO, May 14 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded mixed on Monday morning, with soybean futures rising over 10 cents amid news of easing trade tensions between China and the United States.
China's Ministry of Commerce said on Wednesday the Chinese side had accepted an invitation from the United States, agreeing to send a delegation to visit the country at a "proper time" for further economic and trade consultations.
China is welcoming news from U.S. President Donald Trump of a possible easing of economic sanctions against embattled Chinese firm ZTE.
China appreciates the U.S. position on Chinese telecom equipment maker ZTE, Chinese Foreign Ministry spokesperson Lu Kang said on Monday.
July corn was 0.25 cent lower at 3.9625 U.S. dollars per bushel as of 1440 GMT, July wheat was 7.25 cents lower at 4.9875 dollars, July soybean was up 14.25 cents at 10.0325 dollars.
All wheat production in the United States for the 2018-2019 marketing year that starts on June 1 is pegged at 1.821 billion bushels, up 5 percent from the prior 12 months and well above analyst estimates, the U.S. Department of Agriculture said in a report last week.
Fund managers last week increased their bullish bets on corn while lowering their net-long positions in soybeans, the Commodity Futures Trading Commission said in a report. Enditem
