CBOT soybeans tick up as Trump tariffs in court battle
CHICAGO, May 29 (Reuters) - Chicago Board of Trade soybean futures firmed on Thursday as the U.S. dollar fell with investors anticipating a court fight over Trump's trade wars, but beneficial weather in the central United States kept a ceiling on prices.
CBOT July soybeans SN25 settled up 3-1/4 cents at $10.51-3/4 a bushel.
CBOT July soyoil BON25 ended 0.54 cent lower at 48.39 cents per pound.
CBOT July soymeal SMN25 rose $2.70 to finish at $296.40 per short ton.
The dollar weakened, reversing earlier gains, as investors prepared for a battle over U.S. President Donald Trump’s tariff agenda after a U.S. trade court on Wednesday blocked most of the proposed trade levies.
A Reuters poll of analysts estimated that the U.S. Department of Agriculture would report export sales for the week ended May 22 at 150,000-500,000 metric tons. USDA/EST
Dry weather is expected across the central United States over the weekend, but widespread rain is expected during the 6-10 day period, according to Commodity Weather Group.
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