CHICAGO, March 18 (Reuters) - Chicago Board of Trade soybean futures rose on Wednesday as crude oil prices gave corn and soybeans a boost, and as money flowed toward commodities markets.
Analysts said soybeans had tied themselves to rising oil prices through renewable fuels. GRA/
Oil prices were up 5% on Wednesday after Iran's Revolutionary Guards threatened to attack several energy facilities across the Middle East, raising the risk of further disruptions to the region's energy supplies.
Higher than expected inflation numbers on Wednesday were also supportive, according to analysts, with money often flowing into the grain and oilseed sector when inflation expectations rise.
CBOT May soybeans SK26 settled 4-3/4 cents higher at $11.61-3/4 per bushel.
CBOT May soyoil BOK26 ended down 0.44 cents at 65.53 cents per pound.
CBOT May soymeal SMK26 rose $10.00 to finish at $321.70 per short ton.