23.02.202610:42:33UTC+00Soybeans Futures Fall from 3-Month High

Soybean futures declined to $11.30 per bushel, extending losses for a second consecutive session and retreating from the three-month high of $11.40 reached on February 19, as renewed tariff uncertainty dampened expectations for US exports to China. Shifts in trade policy by Donald Trump, following the Supreme Court’s decision to strike down his broad tariff measures, have lowered expectations that China will proceed with the additional 8 million metric tons of US soybean purchases he had highlighted. China has already secured 12 million metric tons under the October trade truce, fulfilling its earlier commitments. With US soybeans still priced above Brazilian offerings, and Brazil’s large ongoing harvest further pressuring prices, analysts increasingly question China’s incentive to lock in additional US cargoes in the absence of tariff-driven obligations, thereby capping upside potential for the market.