U.S. soybean futures sank 3.4 per cent on Friday to their lowest this year, after top importer China said it would impose additional tariffs of 34 per cent on all American goods in retaliation against duties announced by President Donald Trump.
Live and fed cattle futures on the Chicago Mercantile Exchange continued lower on Friday, as retaliatory trade action by China pressured the United States markets. China announced it will impose a 34 per cent levy on its imports from the U.S. beginning April 10.
Board of Trade soybean futures slid on Thursday amid concerns that new U.S. tariffs could trigger retaliatory measures against American exports, analysts said.
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.
Live and fed cattle futures on the Chicago Mercantile Exchange were higher on Wednesday, a few hours before United States President Donald Trump unveiled his reciprocal tariff plan.
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.
Chicago Mercantile Exchange (CME) cattle futures fell on Monday on technical trading, according to analysts, while lean hogs were stuck trading within a tight range following the U.S. Department of Agriculture's hogs and pigs report released the previous week.
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.
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.