Soybeans fall on profit‑taking and declining oil prices
Soybean futures on the Chicago Board of Trade declined by 31 to 34 cents per bushel on Monday, with the November contract last quoted down 33‑¼ cents at $12.20‑¼ per bushel. The price weakness followed a Friday session in which soybeans reached their highest level in more than two years.
The move was attributed to traders taking profits and to a 7 % fall in oil prices after the United States and Iran paused their strikes over the weekend, ending a two‑week period of attacks.
U.S. Department of Agriculture data showed that U.S. soybean export demand remained solid, with exporters having sold 132,000 metric tons of soybeans to China and 126,000 metric tons to unknown destinations, as reported in its daily reporting system.
This article was generated with the support of AI and reviewed by an editor.