Soybeans
Soybean prices have risen more than corn prices amid the war between Israel, the United States, and Iran, despite larger global soybean stocks. AgRural analyst attributes this to soybeans' more concentrated production and harder substitution. Brazilian producers saw gains offset by logistics costs.
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Soybean prices surpassed US$400 per ton in the Chicago market following an agreement between the United States and China, under which the Asian country committed to purchasing American grains. However, local prices fell in Rosario. Experts warn of potential negative impacts for Argentina and Brazil.