Soy Falls as Traders Weigh Export Sales and Trade Uncertainty
A combine harvester during a soybean harvest at a farm in Harvard, Illinois.
Photographer: Christopher Dilts/BloombergSoybeans nudged further down from a three-month high in Chicago, as US Department of Agriculture data signaled weaker demand for American exports and the market weighed trade uncertainty.
Futures lost as much as 0.5%, after a choppy couple of sessions as traders try to unpack how changes to President Donald Trump’s tariff regime will impact US crop shipments. Trump’s new 10% global tariff went into effect on Tuesday but a timeline for a proposed higher rate of 15% is still in question, and investors will listen for any further trade comments in his State of the Union speech Tuesday.