The day after the so-called 'Liberation Day' the Chicago Board of Trade was experiencing a mixed reaction, said broker Ryan Ettner of Allendale Inc. in McHenry, Ill.
Chicago Board of Trade grain and soybean futures fell on Wednesday as traders worried that U.S. farm exports will suffer from new tariffs that President Donald Trump is expected to implement.
Chicago soybean futures rose on Tuesday ahead of a meeting between a coalition of oil and biofuel groups and the U.S. Environmental Protection Agency to discuss raising federal mandates for biomass diesel blending.
Soybean seed piracy in Brazil generates losses of 10 billion reais ($1.76 billion or C$2.51 billion) per year in the country, according to a study by CropLife Brasil and agribusiness consultancy Celeres Consultoria released on Wednesday.
Chicago soybean futures fell on Monday as old crop stock estimates in a U.S. Department of Agriculture data release were larger than expected, according to analysts.
As the trade expected, stocks of United States corn fell back compared to a year ago while those for soybeans and wheat came in higher. The U.S. Department of Agriculture issued its grains stocks as of March 1 report on Monday.
As expected, there's to be an increase in corn plantings this spring, the United States Department of Agriculture estimated in its prospective planting report released on March 31. As well, the USDA reduced soybean and all wheat plantings.
Chicago Board of Trade corn futures on Friday slumped to the lowest price in more than three months on expectations of increased U.S. planting this year, before rebounding on a spate of fundamental trading and bargain-buying, market analysts said.
Brazilian soybean traders are poised to ship record volumes in the first quarter, driven by strong demand from the world's largest importer, China, which is currently involved in a trade war with the U.S.