Soybean futures fell to $11.3 per bushel, extending losses for a second session and pulling back from the three-month high of $11.4 reached on February 19, as tariff uncertainty hurt sentiment on US export prospects to China. Policy shifts by Donald Trump after the Supreme Court struck down his sweeping tariffs reduced expectations that China would follow through on an additional 8 million metric tons purchase he had promoted. China has already bought 12 million metric tons under an October trade truce, meeting prior commitments. With US soybeans still priced above Brazilian supplies and a large harvest underway in Brazil lowering costs, analysts question China’s incentive to secure further US cargoes without tariff pressure, limiting upside potential.
