Soybeans Hit 9-Week Top

AI Summary

Soybean futures hit a nine-week high above $12.1 per bushel, driven by renewed Chinese demand and rising crude oil prices. Brent crude surpassed $90 a barrel following Iran’s attacks on vessels in the Strait of Hormuz, coupled with US military responses.

Soybean futures climbed above $12.1 per bushel, reaching a nine-week high, supported by renewed Chinese demand for US supplies and higher crude oil prices. Brent crude rose above $90 a barrel after Iran targeted vessels in the Strait of Hormuz over the weekend, while the US carried out a ninth consecutive night of strikes, boosting ...