Chicago Board of Trade (CBOT) soybean futures fell from life‑of‑contract highs on Monday as traders booked profits, with the decline reinforced by weakness in wheat and corn markets. Earlier in the session, soybeans had reached contract highs, a rally that was underpinned by rising crude oil prices and robust export demand. The U.S. Department of Agriculture (USDA) reported that exporters sold 159,000 tons of U.S. soybeans to unknown destinations, indicating continued solid demand for the grain. Oil prices climbed more than 2% after renewed military action between the United States and Iran, raising concerns about potential global supply disruptions; soybean futures typically track crude oil movements because soybeans serve as a feedstock for biofuel production. According to two sources familiar with the matter, the Trump administration was expected to approve an expanded volume of exemptions for U.S. oil refiners from biofuel blending requirements as early as Monday. Analysts on average forecast that the USDA will rate 59% of the soybean crop in good‑to‑excellent condition, a slight decline from 60% reported a week earlier in its weekly crop progress report. New‑crop November soybeans settled unchanged at $12.88 per bushel.