CHICAGO, April 19 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures fell across the board on Tuesday, led by wheat.

       The most active corn contract for July delivery fell 7.25 cents, or 0.9 percent, to settle at 7.9975 U.S. dollars per bushel. July wheat lost 19.75 cents, or 1.75 percent, to settle at 11.09 dollars per bushel. July soybean shed 1.5 cents, or 0.09 percent, to settle at 16.9175 dollars per bushel.

       CBOT has a corrective feel with profit taking capping rallies. The market is trying to decide if price is starting to ration demand. Chicago-based research company AgResource holds that price is not yet high enough with ethanol and crush margins profitable.

       It is all about new investment inflows. The U.S. central bank is expected to raise interest rate at its meeting in early May to fight inflation. AgResource stays longer-term bullish, but CBOT values have reached intermediate upside targets and need a weather driver to score new highs.

       U.S. Department of Agriculture (USDA) reported that an unknown destination booked 123,650 metric tons of U.S. old crop soybeans. There are also rumors that China continues to seek new crop cargoes off the Pacific Northwest.

       The International Monetary Fund (IMF) cut China's GDP growth for 2022 to 4.4 percent, the lowest in decades.

       Several heavier rain systems will pass from Missouri into the East Midwest. It will be wetter across Illinois, Indiana and Ohio to further delay spring seeding. Other areas should be able to start seeding later this week and weekend. But another Canadian cold shot will impact the East Midwest next week.