Soybean futures contracts on the Chicago Board of Trade (CBOT) saw a slight increase on Monday, driven by the rise in corn, wheat, and soybean oil. The July contract for soybeans rose 0.07%, closing at US$1050.75 per bushel, while the August contract appreciated by 0.14%, quoted at US$1047.75/bushel. The approval of the “Big and Beautiful” bill in the US House of Representatives, which extends tax credits for producers of low-carbon fuels like biodiesel, contributed to the price rise. Additionally, heavy rainfall in Argentina, while increasing the harvest estimate, could potentially damage crops, introducing market uncertainty and further driving up prices.