Soybean futures rose by up to 1.9% to $10.0175 per bushel as the U.S. trade war showed no new developments, boosting market sentiment. Traders are adjusting positions ahead of the U.S. Department of Agriculture's upcoming monthly supply and demand report, which may reflect the impact of recent global tariff measures on agricultural trade flows.
Naomi Blohm, a senior market advisor at Total Farm Marketing, noted the grain market's strong performance as the world remains cautious about tariffs and trade news. Soybeans marked their largest intraday gain since early April. Corn and wheat also saw price increases, supported by cold weather and flooding in the U.S. Midwest, according to The Hightower Report.
As of 10:48 AM Chicago time, soybean futures rose 1.8% to $10.005 per bushel, corn increased 0.3% to $4.7225 per bushel, and wheat climbed 0.4% to $5.3875 per bushel.
