CBOT soybeans tick down with tariff uncertainty

Jan 31 (Reuters) - Chicago Board of Trade soybean futures edged down on Friday as worries about U.S. president Donald Trump imposing 25% tariffs on goods from Mexico and Canada pressured markets and traders booked profits after a rally earlier in the week, analysts said.

• CBOT March soybeans SH25 settled down 2 cents at $10.42 per bushel.

• CBOT March soymeal SMH25 ended down $3.60 at $301.1 per short ton, and March soyoil BOH25 rose 1.13 cents to 46.11 cents per pound.

• For the week, most-active soybeans Sv1 fell 1.30%.

• Traders waited to see if Trump would follow through on threats to impose tariffs against Mexico and Canada starting Feb. 1, which could spark retaliation from two of the largest U.S. crop importers.

• Soybean futures received some support from soyoil's gains, according to analysts. Soyoil futures got a boost with the possibility of tariffs, as buyers looked to replace Canadian canola oil with the soy product should tariffs go into effect.