CBOT wheat down, soybeans up during morning session

CHICAGO, July 6 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures traded mixed on Friday morning with wheat retreating after sharp rise in the past two days.

As of 1451 GMT, December corn was up 2 cents at 3.665 dollars and September wheat down 2 cents at 5.035 dollars per bushel while November soybeans were up 18.25 cents at 8.74 dollars per bushel.

Declining EU wheat crop estimates had led to more than five percent surge in the past two days. On Friday morning, wheat prices went down over profit taking.

CBOT soybeans, which had suffered big losses in five consecutive sessions amid concerns about escalation of tariffs between the United States and China, started to rebound over bargain buying. Enditem