CBOT Soybeans Reach One-Month High, Up 13.5¢

CBOT May soybean futures rose 13.5 cents to $11.77‑¼ per bushel, hitting a one‑month high.
Crude oil prices jumped ~3% to two‑week highs, driven by stalled US‑Iran peace talks and limited Strait of Hormuz shipments.
Traders anticipate a mid‑May US‑China summit, hoping China will increase purchases of US soybeans and other ag goods.
Global fertilizer prices surged again, with the Middle East conflict disrupting shipments through the Strait of Hormuz, affecting farmers worldwide.