** Shares of U.S. agricultural commodity traders fall after China imposes 34% additional tariffs on U.S. exports to the country
** China remains the largest market for U.S. agricultural products, but imports of U.S. farm goods dropped last year to $29.25 billion from $42.8 billion in 2022
** The most-active soybean contract on the Chicago Board of Trade was down 4% by 1450 GMT (10:50 a.m. ET), heading for its biggest daily fall since September 2023
** Tariffs would increase the cost for soybeans to customers in China, primarily animal feed producers, said Morningstar analyst Seth Goldstein
** "This announcement may lead to China looking to source more soybeans from Brazil and Argentina, but ultimately, I don't see a huge impact to the global supply and demand balance for soybeans. If China purchased less U.S. soybeans, then the U.S. would sell more to other countries" - Goldstein added
** Top U.S. grain traders ADM ADM.N down 8.3%, Bunge BG.N down 5.8%
** Mosaic MOS.N falls 10%, Intrepid Potash IPI.N down 7.8%, FMC Corp FMC.N down 7.6%, Corteva CTVA.N down 7.4%
** Shares of Canada-based Nutrien NTR.TO down 4.8%
(Reporting by Seher Dareen in Bengaluru)
((Seher.Dareen@thomsonreuters.com;))
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