S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
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.
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