This Friday, soybean futures at Chicago backed off and were on the verge of recording their first loss. weekly in eight weeks, under the pressure of concerns about the slow soybean purchases in China.

The most active soybean contract in Chicago Board of Trade (CBOT) fell by 0.18% to $11.175 per bushel at 03:46 GMT, losing 1.78% since the start of the week.

Following the meeting in late October in South Korea between the leaders of the two countries, China bought agricultural products American, especially soybeans. However, these purchases still fall well short of the target of 12 million tonnes mentioned by some senior officials americans.

The US Department of Agriculture announced That the net export sales of American soybeans for the week were ending on 30 October amounted to 1,248,500 tonnes, in accordance with according to analysts' estimates.

The wheat price at CBOT fell by 0.14% to $5,395 Bushel because of an abundant global supply, but it remains on track to progress over the week. On Thursday, Statistics Canada announced a production total wheat of nearly 40 million tons, compared to an average of market forecasts of 38.5 million tons.

Futures contracts on Corn fell by 0.17% to $4.46.5 per bushel and were about to record a weekly decrease, even if prices remained close to their highest high level in six months thanks to solid export demand.