Soybeans Rise Toward Multi-Week Highs

2026-05-11 03:16 By Joshua Ferrer 1 min. read

Soybean futures rose above $12 per bushel, moving back toward multi-week highs as biofuel-related demand strengthened amid rising global energy prices.

The US Environmental Protection Agency finalized record Renewable Fuel Standard mandates for 2026–2027, lifting required biofuel blending volumes and boosting demand for soybean oil used in biodiesel production.

This comes as higher oil prices, driven by escalating Middle East tensions and supply risks around the Strait of Hormuz, boosted the competitiveness of biofuels.

Meanwhile, Brazil, the world’s largest producer of soybeans, shipped a record 16.75 million metric tons in April, up 9.7% from a year ago and surpassing the previous high set in April 2021.

The country’s 2025/26 soybean crop is also projected to reach a record near 180 million tons.

Elsewhere, trade developments are in focus as US President Trump and Chinese counterpart Xi Jinping are set to meet this week, with agricultural products among the key topics in discussions.



News Stream
Soybeans Hits 32-month High
Soybeans increased to 1307.00 USd/Bu, the highest since December 2023. Over the past 4 weeks, Soybeans gained 13.32%, and in the last 12 months, it increased 26.26%.
2026-09-10
Soybeans is down by 12.04%
Soybeans decreased 12.04% to 1139.28 USd/Bu
2026-09-10
Soybeans Hits 10-week Low
Soybeans decreased to 1140.00 USd/Bu, the lowest since July 2026. Over the past 4 weeks, Soybeans gained 13.05%, and in the last 12 months, it increased 25.95%.
2026-09-10