CHICAGO, Feb 26 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday, pressured by the harvest in South America, according to analysts, and concerns about retaliation to U.S. tariffs set to go into effect on March 4.
CBOT May soybeans SK25 settled down 7-1/2 cents at $10.41-1/4 per bushel.
CBOT May soymeal SMK25 ended down $0.50 at $302.50 per short ton while May soyoil BOK25 fell 0.46 cent to finish at 45.59 cents per pound.
An advancing harvest in Brazil weighed on futures, according to analysts, with a record crop widely forecast.
Fears that U.S. tariffs on imports from Mexico and China would trigger reprisals against U.S. agricultural exports added additional pressure, with President Donald Trump saying the proposed levies were on track to be implemented.
Traders awaited preliminary U.S. 2025 supply and demand forecasts due on Thursday from the U.S. Department of Agriculture's annual outlook conference.
(Reporting by Renee Hickman; Editing by Will Dunham)
((renee.hickman@thomsonreuters.com))
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