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Soybeans reached a seven-week high on hot, dry Midwest and Plains weather and rising US-Iran and Ukraine-Russia tensions. Meal hit a five-week high before pulling back, with a 136,000-tonne flash sale to China and a record meal export book supporting firm basis.
Corn and wheat were also lifted by heat, a bullish USDA report and Russian waterway closures.
Heat stress, strong export demand and higher energy prices support soybean, meal and oil values. The record meal export book indicates firm crush and export demand through the season.
admis.comADMIS Research TeamJul 13, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
A seven-week high in soybeans on hot, dry weather and geopolitical tensions lifted the broader oilseed complex, with spillover to soybean oil.
