CBOT soybeans edge up after choppy trade
CHICAGO, March 14 (Reuters) - Chicago Board of Trade soybean futures finished higher on Friday after spending the day seesawing up and down as traders assessed U.S. President Donald Trump's ongoing tariff war and South America's production prospects.
CBOT May soybeans SK25 settled up 5-1/4 cents to $10.16 per bushel.
CBOT May soymeal SMK25 ended down $1.2 to $305.9 per short ton.
CBOT May soyoil BOK25 rose 0.31 cent to finish at 41.59 cents per pound.
Expectations for a massive soybean harvest in top-supplier Brazil hang over the market.
In Argentina, rains have benefited crops, though the Rosario Grains Exchange this week lowered its outlooks for the nation's soy and corn harvests.
Exporters sold 20,000 metric tons of U.S. soyoil to unknown destinations for 2024-25 delivery, USDA said.
Brazil's 2024/25 soybean crop is expected to reach 172.45 million metric tons, agribusiness consultancy Safras & Mercado said on Friday, lowering its forecast from a previous 174.88 million tons.
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