Archive · 23 Jun 2025
Soybean Futures Fall on Favorable US Crop Weather
The price of soybeans went down because the weather is expected to be good for growing crops in the US.
This is like a greenhouse, which helps plants grow well.
Corn and wheat prices also went down.
Although oil prices were high because of something happening with the US and Iran, the good weather for growing crops had a bigger effect on prices.
Soybean futures fell on Monday due to favorable US crop weather.
Corn and wheat prices also declined.
Warm and wet weather is forecasted for the US corn belt, benefiting crops.
Oil prices decreased by 1% after reaching a five-month high.
Weather conditions will aid wheat harvesting in the US.
- Who
- Market analysts and agricultural strategists.
- What
- Soybean, corn, and wheat futures decreased.
- When
- Monday, July 2
- Where
- Chicago, US corn belt, winter wheat Plains, and Canadian Prairies.
- Why
- Favorable weather conditions for crops and the impact of the U.S. targeting Iranian nuclear sites.
Market Impact Factors
Factors affecting Commodity Prices
Impact of global events
Market Impact Factors
US strikes on Iran initially impacted oil prices, increasing them.
Factors affecting Commodity Prices
Favorable crop weather in the US had a more significant negative effect on the soybean market.
- Soybean Price (November)
- $10.47 per bushel
- Corn Price (September)
- $4.18-1/4 per bushel
- Wheat Price (September)
- $5.70-1/2 a bushel
- Oil Price Change
- -1%
- Forecasted weather
- Warm and wet for US corn belt.