CBOT soybeans fall on weaker soyoil, crude oil futures
CHICAGO, June 24 (Reuters) - Chicago Board of Trade soybean futures fell on Tuesday on spillover weakness from soyoil and crude oil futures.
CBOT August soybeans SX25 ended 11-3/4 cents lower at $10.50-1/4 a bushel.
CBOT December soyoil BOZ25 ended down 1.1 cents at 52.25 cents per pound and August soymeal SMN25 settled down 2.1 cents at $284.80 per short ton.
Oil prices tumbled on Tuesday after President Donald Trump said a ceasefire has been reached between Iran and Israel, though he later accused both sides of violating the accord. Continued tensions between Iran and Israel are expected to add volatility to the market.
The U.S. Department of Agriculture rated soybean conditions lower than anticipated at 66% good to excellent, unchanged from last week but a point below the average analyst estimate. Planting of that crop was 96% finished as of Sunday, the agency said.
Warm, rainy weather in the U.S. Midwest is expected to aid crop development in the coming days, according to forecasters.
Related Articles
Circle’s Next Chapter: Not Just Stablecoins, But a Payments Network
TradingKey - Stablecoins are meeting real-world demand, especially in emerging markets where payment systems are oftenfragmented, access to the traditional banking system is limited, or capital controls restrict seamless global flows.
What is BNB? Can CZ's Return to Binance Propel It to $2700?
It’s also worth noting that 2028 marks Bitcoin’s fifth halving — a historically bullish catalyst. If past cycles repeat, BNB could ride the wave to new highs. Considering macroeconomic trends, supply dynamics, CZ’s potential return, and the next bull market, Standard Chartered’s target seems increas
What Is Worldcoin? Why Did WLD Surge Suddenly, and What’s Next?
Worldcoin is evolving from a “hype token” into a foundational layer for global identity. Its fusion of biometrics, blockchain, and financial inclusion has earned growing recognition from users and institutions. If it can overcome technical hurdles, launch real-world payment use cases, and stabilize
Bitcoin Price Forecast: Trends and Investment Outlook from 2025 to 2030
From $0.01 in 2009 to $120,000+ in 2025, Bitcoin has evolved from obscurity to a globally recognized financial asset. While institutions and governments increasingly embrace it, investors must remain vigilant against volatility, security risks, and scams.
