Rains in the US and Conflict in Iran Raise Soybean Quotation

International soybean quotations registered an increase last week, driven by geopolitical and climatic factors. The new Israeli attack on Iran provoked a strong oscillation in energy markets, elevating oil and, consequently, soybean oil prices. In Chicago, futures contracts reacted positively: the July 2025 contract closed at US$ 10.68 per bushel, with a weekly increase of 0.95%, while the March 2026 contract advanced 1.98%, ending at US$ 10.81 per bushel. According to an analysis by Grão Direto, the appreciation trend reflects not only the uncertainties in the geopolitical scenario but also the delay in the North American crop planting. Heavy rains in the US agricultural belt — especially in Iowa, Illinois, and Indiana — have been hindering the seeding pace. If the excess moisture condition persists until June 20, a significant portion of the unplanted areas may be abandoned, reducing the effective cultivated area. Beyond the climatic risk, North American producers face the ...