Soybeans Fall from Over 2-Year High

2026-07-27 11:17 By Agna Gabriel 1 min. read

Soybeans fell to around $12.13 per bushel, retreating from the more than two-year high of $12.50 reached on July 24, as a sharp decline in crude oil prices weighed on agricultural commodities.

Oil tumbled after the US and Iran paused military strikes over the weekend following two weeks of hostilities, boosting hopes that diplomatic efforts could ease tensions and restore shipping through the Strait of Hormuz.

Despite the pullback, concerns over global crop supplies persisted.

Heatwaves in Europe and continued attacks between Russia and Ukraine have disrupted agricultural trade, including damage to grain infrastructure and shipping routes.

Meanwhile, Geneva-based vegetable oil producer Allseeds suspended operations in Ukraine's Odesa region due to intensified attacks on port facilities.

However, discussions on measures to safeguard Black Sea shipping have raised hopes that export flows can continue with limited disruption.



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Soybeans Fall from Over 2-Year High
Soybeans fell to around $12.13 per bushel, retreating from the more than two-year high of $12.50 reached on July 24, as a sharp decline in crude oil prices weighed on agricultural commodities. Oil tumbled after the US and Iran paused military strikes over the weekend following two weeks of hostilities, boosting hopes that diplomatic efforts could ease tensions and restore shipping through the Strait of Hormuz. Despite the pullback, concerns over global crop supplies persisted. Heatwaves in Europe and continued attacks between Russia and Ukraine have disrupted agricultural trade, including damage to grain infrastructure and shipping routes. Meanwhile, Geneva-based vegetable oil producer Allseeds suspended operations in Ukraine's Odesa region due to intensified attacks on port facilities. However, discussions on measures to safeguard Black Sea shipping have raised hopes that export flows can continue with limited disruption.
2026-07-27
Soybeans Trade Near 2-Year High
Soybean futures traded around $12.4 per bushel, remaining near their highest level since May 2024 as strong export demand, higher crude oil prices, and mounting weather concerns continued to underpin the market. USDA reported multiple soybean export sales to China this month, including 340,000 metric tons and 264,000 metric tons in recent weeks, alongside 256,634 tons to Mexico, highlighting robust overseas demand for US supplies. Additionally, elevated crude oil prices boosted expectations for soybean oil demand in biofuel production, as the ongoing conflict in the Middle East heightened concerns over disruptions to global oil supplies. Weather risks also supported prices as hot and dry conditions in parts of Europe and the Black Sea region raised concerns over global crop prospects, while traders continued to monitor US weather during the key pod-setting stage for soybean development.
2026-07-24
Soybeans Hits 25-month High
Soybeans increased to 1240.00 USd/Bu, the highest since May 2024. Over the past 4 weeks, Soybeans gained 11.81%, and in the last 12 months, it increased 23.44%.
2026-07-23