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NewsCommodities

CBOT soybeans fall on technical selling

ReutersMar 24, 2026 8:07 PM

CHICAGO, March 24 (Reuters) - Chicago Board of Trade soybean futures slipped on Tuesday on technical selling, despite higher crude oil futures.

Oil prices LCOc1 had plunged during the previous session following comments from U.S. President Donald Trump that he was postponing threatened strikes against Iranian power plants after progress in talks with Tehran. O/R
Iranian denials of negotiations with Washington, along with military strikes on Tuesday in the three-week war, tempered any hopes of de-escalation.
Grain and oilseed prices have broadly tracked fluctuations in crude oil during the conflict, reflecting the use of corn and soyoil in biofuels and investor interest in the crops as an inflation hedge.
CBOT May soybeans SK26 settled 8-1/2 cents lower at $11.55 per bushel.
CBOT May soymeal SMK26 fell $4.20 to $322.40 per short ton.
CBOT May soyoil BOK26 ended up 0.15 cent at 65.73 cents per pound.

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