Soybean futures ease further

PARIS/SINGAPORE, Sept 24 (Reuters): Chicago soybean futures eased further on Monday as a trade conflict between Washington and Beijing rumbled on, while corn inched down after an export-fuelled rally last week as traders awaited a clearer picture on the US harvest.

Wheat edged higher, underpinned by adverse weather in Australia that could add to a trend of tightening supply in major exporting countries.

The Chicago Board Of Trade most-active soybean contract was down 0.8 per cent at $8.40-1/4 a bushel as of 1148 GMT.

The United States and China introduced new tit-for-tat goods tariffs on Monday, the latest escalation in a heated trade row between the world's two largest economies.

The soybean market is particularly exposed to the dispute as the oilseed is the biggest US agricultural export to China. Since Beijing applied an additional tariff on US beans in July, shipments have almost dried up.