GRAINS-Soybeans up for second session, near three-month high

SINGAPORE, Feb 25 (Reuters) - Chicago soybeans gained further ground on Wednesday, trading near a three-month high reached earlier this week, on optimism over Chinese demand, as comments from Beijing eased some concerns about U.S. tariff policy.

Wheat and corn futures firmed.

FUNDAMENTALS

The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 added 0.5% to $11.60-1/2 a bushel, as of 0108 GMT, not far from Monday's three-month high of $11.65 a bushel.

Wheat Wv1 rose 0.1% to $5.73-3/4 a bushel and corn Cv1 gained 0.3% at $4.39-3/4 a bushel.

China is closely monitoring U.S. policies and will decide "in due course" whether to adjust its countermeasures to U.S. tariffs, a commerce ministry official said on Tuesday, adding that Beijing is willing to hold consultations during the upcoming sixth round of economic and trade talks between the two countries.

U.S. soybean suppliers have been waiting to see how China reacts after the U.S. Supreme Court on Friday struck down President Donald Trump's global reciprocal tariffs. Trump then announced a new general rate of 10% that he later said would rise to 15%.

Reduced tariff pressure from the United States could encourage China to focus on booking supplies from an expected record Brazilian crop.

MARKET NEWS

Global shares rose on Tuesday after San Francisco-based startup Anthropic unveiled 10 new ways for business customers to use its AI plugins, which revived enthusiasm that AI would boost profits for businesses, including in investment banking, human resources, and engineering. MKTS/GLOB

DATA/EVENTS (GMT)

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