Soybean futures traded below $11.2 per bushel, hovering near four-month lows as a tentative US-Iran peace agreement sent oil prices sharply lower. Oil prices dropped after US President Donald Trump and Iran’s deputy foreign minister said they had reached a tentative deal to halt hostilities and resume traffic through the Strait of Hormuz. Agricultural goods often track crude oil prices due to their link to biofuel demand from grains and oilseeds. Favourable US crop weather and higher South American production forecasts added pressure on prices, with the USDA last week raising its soybean production forecasts for Argentina to 50 million metric tons. Weak Chinese demand for US agricultural exports has further weighed on sentiment despite earlier expectations of large-scale purchases. Meanwhile, US soybean crush pace likely slowed for a third straight month in May as some processing plants were idled for seasonal maintenance and repairs despite historically large crush margins.

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان