Soybeans in Chicago fall with more tariffs for China

Soybeans traded on the Chicago Board of Trade (CBOT) closed Tuesday (15) with a slight decline, pressured by the start of mutual port tariffs between the United States and China, which virtually make trade in grains between the two countries unfeasible. According to analysis by TF Agroeconômica, the technical buying movement at the end of the session was not enough to reverse the losses accumulated throughout the day, keeping the market in a cautious rhythm. At the day's close, the November soybean contract registered a 0.10% increase, quoted at US$ 1,007.75 per bushel, while the January expiration advanced 0.20%, to US$ 1,025.25. Soybean meal for October fell 0.34%, quoted at US$ 266.5 per short ton, and soybean oil rose 1.30%, closing at US$ 50.04 per pound. Despite the mixed performance, the market remains attentive to the developments of the new tariffs and the absence of China as the main buyer. The weekly export inspection report, one of the few still released during the ...