CBOT soybeans close higher as crude oil prices jump

ReutersMay 11, 2026 7:58 PM

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CHICAGO, May 11 (Reuters) - Chicago Board of Trade soybean futures closed higher on Monday on spillover buying from a rally in crude oil.

Traders were waiting to see whether China, the world's biggest soybean importer, would agree to buy U.S. supplies in conjunction with U.S. President Donald Trump's planned May 14-15 visit to China.
Some analysts have said China may commit to buying a larger amount of U.S. soybeans in the fall.
CBOT July soybeans SN26 rose 5 cents to $12.13 per bushel.
CBOT May soyoil BON26 fell 0.58 cent to end at 73.74 cents per pound, and May soymeal SMN26 jumped $5.10 to $324.80 per short ton.
Oil prices climbed by more than 3% after Trump said the ceasefire with Iran was "on life support."

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