CBOT wheat seems to lose momentum after a four-day rally

CHICAGO, Aug. 3 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures traded mixed on Friday morning, with wheat seemingly losing momentum after a strong rally in the past four days.

As of 1454 GMT, the most active corn contract for December was up 1.5 cents at 3.6825 dollars per bushel and November soybeans were down 4.25 at 8.9325 dollars, while September wheat was unchanged at 5.605 dollars per bushel.

CBOT wheat has post significant gains, about 30 cents, in the past four consecutive sessions amid declining supply due to drought which hit many wheat exporting countries. Wheat prices have reached a three-year high.

Soybeans were again lower in response to escalating trade tensions between the United States and China. Enditem