U.S. soybean futures rebounded on Monday after hitting a nearly three-week low earlier in the session, though gains were limited as Beijing and Washington engaged in a rapid-fire tariff escalation over the weekend, reports Reuters.
The grain market is under pressure after China announced retaliatory tariffs on about $75 billion worth of U.S. goods, including agricultural products.
The impact on grains was seen as largely psychological, however, given that China already said this month it halted purchases of U.S. agricultural products.
