CBOT soy falls on US trade uncertainty after Supreme Court ruling

CHICAGO, Feb 23 (Reuters) - Chicago Board of Trade soybean futures ended lower on Monday as traders worried that U.S. export potential may suffer after the U.S. Supreme Court struck down President Donald Trump's sweeping tariffs on Friday.

• On Saturday, Trump increased the temporary duty to 15% on U.S. imports from all countries, the maximum allowed by the law.

• Traders were waiting to see whether other countries would retaliate against the U.S. over the increase in baseline tariffs.

• U.S. Trade Representative Jamieson Greer said on Sunday that none of the countries that reached trade deals with the U.S. had shared plans to withdraw following the Supreme Court decision.

• China, the world's biggest soybean importer, may be less likely to make more big purchases of U.S. supplies following the Supreme Court's ruling, analysts said.

• CBOT March soybeans SH26 dropped 3-1/4 cents to close at $11.34-1/4 per bushel. CBOT May soybeans SK26 ended 3-1/2 cents lower at $11.49-3/4 per bushel after rising earlier to the highest level since November 19.

• CBOT March soyoil BOH26 closed 0.47 cent higher at 59.39 cents per pound.

• CBOT March soymeal SMH26 ended $1.10 lower at $308.70 per short ton.