Global soybean prices fall on uncertainty over Trump tariffs

Soybean futures on the Chicago Board of Trade fell as much as 0.5% after several volatile trading sessions, Bloomberg reported. Traders are trying to understand how changes in President Donald Trump’s tariff regime will affect U.S. crop supplies.

It is noted that prices continue to fall from a three-month high as data from the U.S. Department of Agriculture shows a decline in demand for American exports and the market sees uncertainty in trade.

“Uncertainty has reached its peak, and everyone is trying to cope with the growing gap between political statements on the one hand and reality on the other,” Bloomberg quoted Argus analysts as saying.

Trump’s new 10% tariff for all countries of the world came into effect on February 24. It is not yet clear whether they will increase to 15%, so the market is closely watching for any further comments on trade in his speech on US tariff policy.

Dynamics of soybean futures on the Chicago Board of Trade

In contrast, on Monday the USDA said that soybean exports for February 12-19 amounted to about 670 thousand tons, which is 45% less than a week earlier.

Tags: prices, soybean