Soybeans are up on the US Stock Exchange impacted by oil and conflicts in the Middle East

Soybean prices rose this Wednesday (2) on the Chicago Stock Exchange, driven by the international scenario and the rise in oil prices. At around 6:15 am (Brasília time), the prices of the oilseed rose between 4.50 and 5 points in the main contracts, with the November contract expiring at US$ 10.61 and the May contract expiring at US$ 11.07 per bushel. This upward trend in soybean futures follows the positive movement observed in corn, wheat and soybean oil, which benefited from the significant rise in oil prices. The week has been marked by the intensification of conflicts in the Middle East, with the crisis worsening after an attack by Iran on Israel, using more than 200 missiles, in retaliation for the death of two Hezbollah leaders. In response, Israel promised retaliation, with the support of the United States, while Iran warned the Americans not to intervene in the conflict. Furthermore, new bombings were announced against Hezbollah targets in Beirut, Lebanon. With the main ...