Chicago Board of Trade soyabean futures fell on Friday as the outcome of US-China trade talk disappointed traders worried about reduced demand for US soyabeans from the world's biggest buyer. July soyabeans unofficially ended down 16-3/4 cents at $10.36-1/2 a bushel. Traders said they were hoping for more progress from trade talks between Beijing and Washington, which China's Xinhua news agency said ended with "relatively big" disagreements in place.
Soyabeans were the biggest US agricultural export to China last year, worth $12 billion. China has threatened tariffs of 25 percent against US soya imports as part of an escalating trade conflict with Washington. Next week, traders and analysts said they will be watching for improvements in US weather as farmers work to advance crop planting and waiting for monthly supply/demand data due out from the US Department of Agriculture on Thursday.
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