Chicago soybeans fell down after multiple days of advances on Friday as many traders exited the market on positioning and news that China was denying claims by U.S. President Donald Trump that the two countries are in tariff talks.
Most Chicago lean hog futures slid on Thursday as the U.S. Department of Agriculture reported China had canceled 12,000 metric tons of U.S. pork exports in the week ending April 17.
Chicago soybean futures rose for a fourth session on Thursday to hold at a two-month high as the potential for demand outside of China appeared to be rising, and comments by U.S. officials on a possible de-escalation in the trade standoff with that country continued to lend some support to the oilseed market.
Soybean prices rose to a two-month high on Wednesday, underpinned by expectations of a de-escalation in the U.S.-China trade conflict, while wheat and corn futures ticked lower.
Chicago soybean futures bounced on Tuesday while corn and wheat eased as broader financial markets recovered from a day-earlier slide and the dollar held near a multi-year low.
Chicago cattle futures resumed their upward trajectory on Tuesday after Monday's dip, which had been influenced by threats by U.S. President Donald Trump to sack the Federal Reserve chair.
Chicago wheat futures rose on Thursday, supported by concerns that forecasted rain will not be enough to alleviate dryness in some U.S. wheat production regions, analysts said.
Chicago live cattle and feeder contracts rose on Thursday as the USDA's cattle on feed report showed cattle inventory down two per cent compared to one year ago.