# U.S. grains: Soybeans hit nearly 10-month high on biofuel and trade hopes - Grainews

> Chicago soybean futures hit a nearly 10-month high as the US-China tariff truce and a proposal to extend a US biofuel tax credit lifted demand hopes. Wheat rebounded from a nearly five-year low and corn was mixed, while USDA prepared $12 billion in farm subsidies.

- Date: 2025-05-14 · published 2025-05-14T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/9504-u-s-grains-soybeans-hit-nearly-10-month-high-on-biofuel-and-trade-hopes-grainews
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Expected biofuel demand support and possible Chinese purchases underpin soybean and soyoil prices, though uncertainty about the truce's expiry limits conviction.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2025-06-13 | [Soybeans and Bean Oil Surge on RVO News: How High Will Prices Run?](https://feedsoft.ai/events/5340-soybeans-and-bean-oil-surge-on-rvo-news-how-high-will-prices-run.md) | +2.5% | -4.3% |
| SOY | 2025-06-16 | [Chicago soyoil futures hit 18-month high on biofuel mandate, Mideast tensions](https://feedsoft.ai/events/5339-chicago-soyoil-futures-hit-18-month-high-on-biofuel-mandate-mideast-tensions.md) | -1.0% | -7.0% |
| SOY | 2025-06-13 | [U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal \| The Western Producer](https://feedsoft.ai/events/8580-u-s-grains-soybeans-climb-soyoil-soars-daily-limit-on-us-biofuel-proposal-the.md) | +2.5% | -4.3% |
| SOY | 2016-11-23 | [Soybeans, soybean oil bound higher after EPA raises biofuel targets: Podcast](https://feedsoft.ai/events/6690-soybeans-soybean-oil-bound-higher-after-epa-raises-biofuel-targets-podcast.md) | +0.2% | -2.3% |
| SOY | 2025-06-16 | [Soyoil around 18-month highs, grains fall on good crop weather](https://feedsoft.ai/events/5344-soyoil-around-18-month-highs-grains-fall-on-good-crop-weather.md) | -1.0% | -7.0% |
| SBO | 2017-03-01 | [U.S. grains: Corn, soyoil climb on biofuels news - Grainews](https://feedsoft.ai/events/7821-u-s-grains-corn-soyoil-climb-on-biofuels-news-grainews.md) | -0.7% | -3.6% |
| SBO | 2025-06-13 | [Soybeans and Bean Oil Surge on RVO News: How High Will Prices Run?](https://feedsoft.ai/events/5340-soybeans-and-bean-oil-surge-on-rvo-news-how-high-will-prices-run.md) | +10.1% | +8.6% |
| SBO | 2025-06-16 | [Chicago soyoil futures hit 18-month high on biofuel mandate, Mideast tensions](https://feedsoft.ai/events/5339-chicago-soyoil-futures-hit-18-month-high-on-biofuel-mandate-mideast-tensions.md) | +4.7% | +6.0% |

## Sources

- grainews.ca: https://www.grainews.ca/daily/u-s-grains-soybeans-hit-nearly-10-month-high-on-biofuel-and-trade-hopes/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.