Soybeans fall as the hope of Chinese demand weakens; wheat, wheat firm

* Chicago soybeans fall on a lack of Chinese demand, US exemptions for biofuels * Wheat and wheat firm (updates with Market Open; change Dateline from Hamburg to Chicago) by Heather Schlitz Chicago, August 25 (Reuters) -Chicago Soybeans flew on Monday after the -Apers would buy the confidence of the Chinese. exemptions granted to American crude oil affinatories for the use of soy-based biofuels. Corn went to a crop tour that predicted the US crop under the estimates of the US Department of Agriculture. Wheat has risen with the support of wheat of wheat futures and the hope of US export sales with the prices of the Black Sea robust. Chicago Board of Trade Most active soybeans were last 11-1/2 cents to $ 10.46-3/4 per bushel from 12:40 CT (1740 GMT). Wheat rose by 1/2 cents to $ 4.12 per bushel, and wheat received 2-3/4 cents to $ 5.30 per bushel. On Sunday, Beijing’s ambassador to Washington said that American protectionism undermines agriculture cooperation with China and warned that farmers should not bear the price of the trade war between the world’s two largest economies. “Usually China bought 14% to 15% of their soybean needs,” said Dan Basse, president of Agresource. “They’re not going to buy tons for the next few days if they don’t even talk.” The US Department of Agriculture is expected to prune its US wheat and soybean crop values ​​in a weekly report on Monday, analysts said in a Reuters poll, although farmers were still planning to produce large crops. The US Environmental Protection Agency on Friday approved the most backlog of requests by small oil refineries for exemptions to compel the use of biofuels, which raises concerns about the reduced demand for renewable fuels that are often produced from soy. Consultancy Pro Farmer on Friday predicts that American farmers would harvest a record maize harvest, although the estimate put the crop under USDA projections, which added a tip of bullishness to the market. (Reporting by Heather Schlitz in Chicago. Additional reporting by Michael Hogan in Hamburg, additional reporting by Naveen Thukral in Singapore; editing by Sumana Nandy, Himani Sarkar, Shreya Biswas and Alison Williams)