Commodities
Soybeans Rise Amid Tariff Uncertainty, Wheat Firms on Export Optimism
Chicago soybean futures rose on Tuesday due to bargain buying, despite gains being capped after China excluded soybeans from its list of US agricultural products eligible for tariff cuts.
The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.2% at USD12.90-1/2 a bushel by 0252 GMT, while wheat edged 0.1% higher to USD6.89-1/4 a bushel.
China's plans to keep tariffs on US soybeans will limit demand for US cargoes just as harvest is starting, according to an oilseed trader in Singapore.
The wheat market remained focused on diplomatic efforts to ease disruptions to Black Sea exports, traders said, even as daily attacks continued in Russia's 4-1/2-year war with Ukraine.