CBOT soybeans decline on worries over US trade policies

CHICAGO, April 2 (Reuters) - Chicago Board of Trade soybean futures finished lower on Wednesday on worries that U.S. exports will suffer from trade policies under President Donald Trump, analysts said.

• Trump has for weeks pegged April 2 as "Liberation Day", when he plans to impose an array of duties that could upend the global trade system and trigger retaliation from other nations.

• China, the world's biggest soybean importer, already imposed tariffs on U.S. farm products last month in response to earlier Trump levies.

• The U.S. Department of Agriculture on Thursday is expected to report weekly U.S. soybean export sales of 250,000 to 800,000 metric tons for 2024-25, analysts said.

• USDA said in a daily reporting system that exporters sold 135,000 metric tons of soymeal to the Philippines for 2024-25.

• CBOT May soybeans SK25 closed 4-3/4 cents lower at $10.29-1/2 a bushel, a day after jumping to the highest level in nearly a month.

• CBOT May soymeal SMK25 ended down $5.10 at $287.20 per short ton and set a contract low at $287.10.

• May soyoil BOK25 advanced 1.06 cents to close at 48.5 cents per pound.

• A U.S. oil and biofuel coalition met with the Environmental Protection Agency on Tuesday to make the case for higher federal mandates for biomass diesel blending, according to three sources familiar with the plans.