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CBOT July soybeans rose 1.2% to $438 per ton, the highest in nearly six weeks, and soybean meal gained nearly 3% to $361.3 per ton. Gains were attributed to higher oil prices lifting soybean oil biofuel demand, along with the rejection of Argentine meal shipments in Europe.
Stronger soybean oil demand for biodiesel raises crush margins, which increases meal output and can cap meal price gains. Argentine meal rejections add support by redirecting European buying to US supplies.
vietnam.vnBáo Công thươngApr 28, 2026Not 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.
Describes the meal gain of nearly 3% attributed to European rejections of Argentine cargoes and higher oil prices supporting soybean crush and biofuel demand, matching the move's timing and size.
