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CBOT soybeans ease with dollar rise, economic uncertainty

ReutersMar 21, 2025 7:35 PM

- Chicago Board of Trade soybean futures fell on Friday as the dollar rose and traders engaged in pre-weekend positioning against a backdrop of economic uncertainty, analysts said.

  • CBOT May soybeans SK25 settled down 3-1/4 cents to $10.09-3/4 per bushel.

  • CBOT May soymeal SMK25 ended $3.20 higher at $300.30 per short ton and May soyoil BOK25 fell 0.7 cent to 42.01 cents per pound.

  • For the week, most active soybeans Sv1 fell 0.62%.

  • The dollar firmed against the euro on Friday, as investors took profits from the currency's recent advance, and as an April 2 deadline for reciprocal U.S. tariffs approached.

  • A stronger dollar tends to make U.S. exports more expensive and therefore less competitive on the global market.

  • Analysts said traders are exiting positions prior to the weekend because of anxiety over any news that could break and contribute to greater economic uncertainty.

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