CHICAGO, June 21 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled lower on Friday, as traders turned to technical selling after all three futures posted gains in the previous session.
The most active soybean contract for July delivery was down 12.75 cents, or 1.39 percent to close at 9.0275 U.S. dollars per bushel. July corn delivery was down 7.75 cents, or 1.72 percent to close at 4.4225 dollars per bushel. September wheat delivery was down 1 cent, or 0.19 percent to close at 5.3075 dollars per bushel.
Chicago wheat futures dipped in a profit-taking setback ahead of the weekend. Wheat prices were also pressured by worries over export demand as a recent rally has made U.S. supplies too pricey to generate overseas buying interest.
CBOT corn futures eased on profit-taking after climbing to a five-year high this week. The market remains underpinned by worries about U.S. production after excessive rains this spring.
Soybean futures retreated on profit-taking after climbing to a three-month peak this week.
However, soybeans remain underpinned by forecasts for more rain in the U.S. Midwest that could force farmers to curtail their soybean acreage as planting deadline approaches.