Soybeans Extend Rally to 7-Week High

🇬🇷 Hellenic Shipping News (GR) —

AI Summary

Soybean futures have climbed to a seven-week high above $11.9 an ounce, driven by renewed Chinese demand and rising crude oil prices. Concerns over US military strikes on Iran and resultant energy supply disruptions contributed to market volatility.

Soybean futures climbed above $11.9 an ounce, extending their rally to a seven-week high, supported by renewed Chinese demand for US supplies and higher crude oil prices. A fresh wave of US strikes on Iran following recent attacks on ships transiting the Strait of Hormuz, fueled concerns over renewed disruptions in energy supplies and drove ...

Security Conflict Politics Markets Commodities Energy soybean futures Chinese demand crude oil prices US strikes Iran energy disruptions

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