Soybean futures fell on Thursday at the Chicago Exchange, amid concerns about the trade war and the stronger dollar.
Weaker demand, and expectations of a strong harvest in the northern hemisphere maintained the outlook of oversupplies.
The dollar index rose 0.1% as of 20:28 GMT to 99.3, with a session-high at 99.6, and a low at 99.1.
Trump accused China of violating an agreement suspending reciprocal tariffs with the US, adding that he was “too nice” with Beijing.
The US trade representative raised even more concerns when talking about potentially expanding tariffs against China if needed.
Earlier US data showed personal consumption rose 2.5% y/y in April, slowing down from 2.6% in March.
The University of Michigan’s consumer confidence survey fell 24.5% in May from 69.1 in the same month of last year.
Corn
On trading, corn July futures fell 0.8% to $4.44 a bushel.
Soybeans
Soybean July futures shed 0.9% to $10.41 a bushel.
Wheat
Wheat July futures fell less than 0.1% to $5.34 a bushel.
