Soybean futures climbed to a seven‑week peak, with the July contract up 19.5 cents to $12.22 per bushel in trading.
Crude oil surged 4% amid Gulf tensions, boosting soy oil to 76.53 cents per pound and supporting grain prices.
U.S. soybean planting estimated at 35% complete; USDA weekly crop report expected after market close for the industry.
StoneX lifted Brazil 2025/26 soybean output forecast to 181.6 million tonnes, a 1% rise from April estimate in its latest projection.