Soybeans rise in Chicago with support from oil and demand.

The soybean market closed the session on Monday higher at the Chicago Stock Exchange, mainly supported by the positive performance of soybean oil and signs of improving international demand. According to TF Agroeconômica, the movement reflected a combination of geopolitical factors, market fundamentals, and fund activity, which helped to interrupt the recent sequence of declines. The soybean contract with January expiration closed with an appreciation of 0.33%, quoted at 1,053.25 cents per bushel, while the March position advanced 0.47%, ending at 1,065.00 cents. In the derivatives market, soybean meal for January registered a 0.27% increase, at 298.6 dollars per short ton, and soybean oil had a more significant gain, of 1.44%, reaching 48.55 cents per pound. The initial support came from the oil market, influenced by the intensification of attacks between Russia and Ukraine at the beginning of the week. Military actions hit wheat flour and vegetable oil facilities in the port of ...