CBOT soybeans falter on weak export demand
CHICAGO, April 15 (Reuters) - Chicago Board of Trade soybean futures fell on Tuesday, a day after hitting a seven-week high, under pressure from weak demand from top buyer China amid an escalating trade war and Brazil's bumper soybean harvest.
CBOT May soybeans SK25 settled down 5-3/4 cents at $10.36 per bushel.
CBOT May soymeal SMK25 settled down $2.90 to $294.20 per short ton.
CBOT May soyoil BOK25 finished up 1.01 cents to 47.33 cents per pound.
U.S. President Donald Trump's trade war with Beijing has accelerated China's shift toward Brazilian soybeans.
The USDA said on Monday that 2% of the nation's soybean crop was planted.
Soybean futures have been supported by a weak dollar, which makes U.S. farm goods cheaper for overseas buyers.
The U.S. dollar index .DXY is sitting near three-year lows after U.S. President Donald Trump's tariff policies shook global markets. USD/ MKTS/GLOB
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