CBOT soybeans hit 2025 low after top buyer China raises tariffs

CHICAGO, April 4 (Reuters) - Chicago Board of Trade soybean futures tumbled on Friday on expectations that increased Chinese tariffs will kill chances for the U.S. to make sales to the world's top importer of the oilseed, analysts said.

• Beijing announced extra levies of 34% on all U.S. goods.

• Its retaliation against new U.S. tariffs is poised to accelerate China's move towards alternative suppliers for agricultural goods, including top soybean supplier Brazil.

• Demand for U.S. agricultural products already came under pressure from a trade war during Trump's first term in 2018. Beijing raised duties last month on $21 billion worth of U.S. products in response to Washington's earlier round of tariffs on Chinese goods.

• CBOT May soybeans SK25 sank 34-1/2 cents to end at $9.77 a bushel. The contract earlier set its lowest price since December 19.

• CBOT May soymeal SMK25 sank $4.90 to finish at $283.10 per short ton, after earlier hitting a contract low at $282.10.

• CBOT May soyoil BOK25 slid 1.22 cents to 45.84 cents per pound.