
The International Grains Council reported soybean values rose 7% over the previous month, with Chicago futures up 8% on the spot position. Gains were driven by an energy price surge tied to Middle East tensions and firm Chinese buying.
Brazilian export prices and rapeseed also firmed.
Higher energy costs and firm import demand from China support soybean and soyoil prices. El Niño weather concerns add further upside risk for oilseed supplies.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.