1. Soybean Futures Lower in Overnight Trading
Soybean futures were lower overnight as the Brazilian harvest progresses and on further confusion about tariffs set to take effect in a week.
The soybean harvest in Brazil, the world’s largest exporter of the oilseeds, is 77% complete, consultancy AgRural said in a report. That’s up from 69% at the same point last year.
AgRural has pegged the South American country’s crop at a shade under 166 million metric tons, down from a previous outlook for 168.2 million metric tons.
The U.S. Department of Agriculture earlier this month pegged Brazil’s soybean crop at 169 million metric tons.
Also weighing on prices overnight is confusion about tariffs set to be implemented on April 2.
U.S. President Donald Trump said yesterday that not all the tariffs he’s threatened will be implemented next week.
https://www.agriculture.com/3-big-things-today-march-25-2025-11702760
