Source: Oleoscope (Russia)
Global soybean prices falling trends continue as soybean futures on the Chicago Board of Trade lost another 0.5% yesterday. Moreover, this decline follows several volatile trading sessions, according to Bloomberg. Traders are trying to understand how President Donald Trump’s tariff changes will affect agricultural supplies after the US president imposed a 10% tariff on all countries worldwide.
Global Soybean Prices Falling: Export Data and Market Uncertainty
Prices continue to fall from a three-month high. Furthermore, US Department of Agriculture data shows declining demand for US exports. Consequently, the market sees uncertainty in trade.
“Uncertainty has reached its peak, and everyone is trying to cope with the growing gap between political statements on the one hand and reality on the other,” Bloomberg quotes Argus analysts as saying.
Tariff Implementation and Future Outlook
Trump’s new 10% tariff on all countries came into effect on February 24. Additionally, it is not yet clear whether they will increase to 15%. Therefore, the market is closely watching for any further comments on trade in his speech on US tariff policy.
On Monday, the USDA said that soybean exports for February 12-19 amounted to about 670,000 tons. Meanwhile, this is 45% less than a week earlier.
According to OleoScope, the price of US CBOT soybeans on February 24, 2026, for February delivery was $418.69/ton. Furthermore, for March delivery, it was $418.69/ton.