This weekend, corn and wheat prices fell to record lows. Soybeans also saw a decline.

Chicago corn futures fell to a new three-week low on Friday due to expectations of increased U.S. plantings this year, while wheat hit a seven-month low as traders focused on weak exports and the easing of rains in parts of the American plains.

The Chicago Board of Trade's most active corn contract was down 1.0% at $4.45-1/2 per bushel at 12:56 GMT, after earlier reaching its lowest level since March 4 at $4.45-1/2.

The CBOT wheat price fell 1.5% to $5.24 per bushel. It had previously hit its lowest level since August 27, at $5,22.5, only to fall below the two-month low reached on

Soybeans also fell, as the previous day's surge in soybean oil by-product stalled. CBOT soybeans lost 0.5% to $10.11 and a half a

Soybean futures rose on Thursday thanks to a jump in soybean oil prices, boosted in turn by a Reuters report that the Trump administration asked oil and biofuel producers to reach an agreement on the next phase of American biofuel policy.