Soybean Futures Fall on Trade Uncertainty, Weak Demand

Soybean futures slipped below $10 per bushel on Friday, pressured by trade uncertainty and subdued export demand.

Ongoing trade negotiations and the lack of clarity on export outlook continued to weigh on market sentiment.

While weather conditions were not the main driver, they still played a secondary role in shaping expectations during the crucial grain-fill period.

US weekly export sales hovered near the lower end of trade estimates, fueling concerns over short-term demand.

Traders remained cautious ahead of the Trump administration’s August 1 tariff deadline, with many reluctant to make major adjustments to trading strategies.

Still, the US Department of Agriculture confirmed private sales of 142,500 metric tons of new-crop soybeans to Mexico, offering limited support.