Soybeans Steady as Oil Rally Offsets Biofuel Worries. Friday, June 13, 2025

back towards a six-month low from last week. Favourable crop prospects continued to hang over grain markets, with relatively benign weather in the U.S. Midwest and the onset of wheat harvesting in the Northern Hemisphere. The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.2% at $10.44-3/4 per bushel, rebounding from a one-week low on Thursday. CBOT soyoil added 1.3%. Oil prices jumped nearly 9%, hitting their highest in months after Israel said it struck nuclear and military sites in Iran, dramatically escalating tensions in the Middle East and raising worries about disrupted oil supplies. “Rising crude oil prices lifted soyoil prices by making biodiesel more attractive, boosting demand for soyoil as a key biofuel ingredient,” said Johnny Xiang, founder of Beijing-based AgRadar Consulting. That brought relief for the soybean complex after renewed concern on Thursday about U.S. biofuel policy. The U.S. Environmental Protection Agency (EPA) on Friday is ...