tradingkey.logo

CBOT soybeans end higher after whipsawing trading session

ReutersApr 7, 2025 7:32 PM

- Chicago Board of Trade soybean futures ended higher on Monday after a seesawing trading session with shifting news on sweeping tariffs imposed by the Trump administration.

  • U.S. President Donald Trump threatened to impose an additional 50% duty on U.S. imports from China on Wednesday if the world's No. 2 economy did not withdraw the 34% tariffs it had imposed on U.S. products last week.

  • Those Chinese tariffs had come in response to 34% "reciprocal" duties announced by Trump.

  • Brazil's center-south soybean harvest for the 2024/25 season hit 87% of the planted area as of Thursday April 3, up 11.5% versus the previous year, agribusiness consultancy AgRural said on Monday.

  • CBOT May soybeans SK25 climbed 6 cents to end at $9.83 a bushel. The contract earlier hit new lows not seen since Dec. 19.

  • CBOT May soymeal SMK25 settled up $5.30 at $288.40 per short ton.

  • CBOT May soyoil BOK25 finished down 0.69 cents at 45.15 cents per pound.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI