CBOT soybeans fall for a fourth straight session on trade fight worries

CHICAGO, March 12 (Reuters) - Chicago Board of Trade soybean futures ended lower for a fourth consecutive session on Wednesday, as Canada and the EU announced retaliatory tariffs on the U.S., traders said.

• Traders said there was concern about the potential impact on U.S. corn and soybean exports to the EU, after China already shifted towards South American supplies following a tariff battle during Trump's first term.

• CBOT May soybeans SK25 settled down 10-3/4 cents at $10.00-1/2 per bushel.

• CBOT May soymeal SMK25 ended the day down $1.60 at $300.20 per short ton.

• CBOT May soyoil BOK25 fell 0.25-cent to finish at 41.68 cents per pound.

• President Donald Trump's increased tariffs on all U.S. steel and aluminum imports took effect on Wednesday, drawing swift retaliation from Canada and Europe.

• The European Union announced counter-tariffs on up to 26 billion euros ($28 billion) worth of U.S. goods from next month.

• Canada, the biggest foreign supplier of steel and aluminum to the United States, announced 25% retaliatory tariffs worth C$29.8 billion ($20.76 billion) in total.

• Brazil's soybean exports are expected to reach 15.45 million metric tons in March, up more than 4% compared with last week's forecast, according to industry group Anec.