Soybeans Jump to 14-Month Peak

AI Summary

Soybean futures reached their highest level in 14 months, around $12.4 per bushel, driven by a surge in crude oil prices amid escalating Middle East tensions. The increase followed attacks on Saudi oil tankers by Iran-backed Houthi militants, reflecting geopolitical supply concerns.

Soybean futures jumped to around $12.4 per bushel, the highest since May last year as oil prices surged on escalating Middle East tensions. Crude oil prices climbed to multi-week highs after Iran-backed Houthi militants claimed attacks on two Saudi oil tankers in the Red Sea and US President Donald Trump threatened to bomb Iranian infrastructure ...