Soybean Futures Fall to 2-Week Low

AI Summary

Soybean futures fell to $11.7 per bushel, reaching a two-week low due to a decline in global energy prices harming biodiesel demand. The situation is exacerbated by reports of potential US-Iran agreements, leading to significant oil price drops.

Soybean futures fell to $11.7 per bushel, reaching a two-week low as a sharp decline in global energy prices weighed on biofuel-driven demand. Reports that the US and Iran were closing in on an agreement to end the war sent oil prices plunging, which pressured the soy complex given soybeans’ role as a key biodiesel ...