International Soy Market Update:

05-Feb-2025 08:12 AM

International Soy Market Update: 
The international soybean market was supported by the possibility of drought in parts of Argentina next week, as the growing season enters a more critical phase.
On Saturday, President Trump signed an executive order to impose an additional 10% tariff on Chinese goods, effective from Tuesday. While imports from Canada and Mexico have been delayed, Chinese tariffs still apply, although President Trump is expected to meet with President Xi this week. Overnight, China announced a 15% tariff on coal and LNG, and a 10% tariff on crude oil, agricultural machinery, and other automobiles, effective from February 10.