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GRAINS-Corn, soybeans recoup losses amid uncertainty over Trump's tariff threats
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GRAINS-Corn, soybeans recoup losses amid uncertainty over Trump's tariff threats
Feb 19, 2025 6:46 PM

BEIJING, Feb 20 (Reuters) - Chicago corn and soybean

ticked up on Thursday to recoup some overnight losses, although

concerns over U.S President Donald Trump's threats for more

tariffs kept traders on edge.

Wheat fell, pulling back from an eight-month peak hit in the

previous session.

FUNDAMENTALS

* The most active corn contract on the Chicago Board of

Trade (CBOT) added 0.2% at $4.98 a bushel at 0134 GMT.

* CBOT wheat fell 0.12% to $6.05 a bushel, while

soybeans gained 0.02% to $10.32 a bushel.

* Argentina's key agricultural region will see maximum

temperatures above 35 degrees Celsius (95°F) in the coming days,

followed by rainfall in the early part of next week, the Buenos

Aires Grains Exchange said on Wednesday.

* Brazilian soybean farmers will reap 171.3 million metric

tons of soybeans in the 2024/25 season, less than the 172.4

million tons forecast in January, agribusiness consultancy

Agroconsult said on Wednesday after inspecting about half of the

fields in a nationwide crop tour.

* Trump said on Wednesday he will announce tariffs related

to lumber, cars, semiconductors and pharmaceuticals "over the

next month or sooner."

* Meanwhile, Jordan's state grain buyer has issued an

international tender to buy up to 120,000 tons of milling wheat

which can be sourced from optional origins, European traders

said on Wednesday. The deadline for submission of price offers

in the tender is February 25.

* Taiwan's MFIG purchasing group bought about 65,000 tons of

animal feed corn expected to be sourced from the United States

in an international tender on Wednesday, European traders said.

* Commodity funds were net sellers of Chicago Board of Trade

corn, wheat, soybean and soyoil futures contracts on Wednesday,

traders said. Funds were net buyers of soymeal futures, they

said

MARKETS NEWS

* An index of global shares was lower on Wednesday,

pressured by choppy trading on Wall Street and a dip in European

stocks, as Trump's latest tariff threats on auto, semiconductor

and pharmaceutical imports injected a sense of caution into the

markets.

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