CBOT soybeans weaken as US tariff disputes fuel demand worries
CHICAGO, July 9 (Reuters) - Chicago Board of Trade soybean futures closed lower for a third consecutive session on Wednesday amid worries that tariff disputes may hurt demand for U.S. crops, analysts said.
Fund selling added pressure to prices, traders said.
Traders this week have been rattled by a lack of progress in trade talks with China, the world's biggest soybean importer, and by U.S. President Donald Trump's moves to broaden his trade war.
Weather has been largely benign for U.S. soybean and corn crops, and large harvests would add to bumper production in rival exporter Brazil.
The U.S. Department of Agriculture on Thursday is expected to report weekly export sales of 300,000 to 600,000 metric tons of U.S. soybeans for 2024-25 and of 50,000 to 400,000 metric tons for 2025-26, analysts said in a Reuters poll.
The USDA on Friday is slated to issue monthly supply/demand estimates.
CBOT November soybeans SX25 ended 10-1/4 cents lower at $10.07-1/4 a bushel.
CBOT August soymeal SMQ25 closed down $1.30 at $269.40 per short ton. August soyoil BOQ25 finished down 0.82 cent at 53.29 cents per pound.
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