{
  "id": 7262124,
  "title": "Soybeans rise on Chinese demand, higher crude oil prices",
  "url": "https://urgent.news/2026/09/14/soybeans-rise-on-chinese-demand-higher-crude-oil-prices",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-14T06:06:43.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40439386/soybeans-rise-on-chinese-demand-higher-crude-oil-prices"
  },
  "original_language": "en",
  "account": "Soybeans climbed on Monday, propelled by robust Chinese demand and soaring crude oil prices. The most-active soybean contract on the Chicago Board of Trade gained 0.31%, trading at $13-1/2 per bushel by 0231 GMT. Chinese state purchasers have intensified US soybean purchases ahead of President Xi Jinping’s upcoming visit to Washington. Market participants are eagerly awaiting clearer guidance from the summit on future demand from the top soybean importer. The rally in soybeans was further bolstered by a rise in soyoil prices, which mirrored the upward trajectory of crude oil. Soyoil climbed 0.57%, reaching 70.08 cents per pound as oil prices surged more than 2% following Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf. These events heightened supply concerns following the closure of a major Saudi oil pipeline. However, the upward momentum in soybeans was tempered by the US Department of Agriculture's upward revision of soybean production forecasts on Friday. Wheat edged up 0.03% to $7.25-1/2 per bushel as traders weighed risks in the Black Sea region. Diplomatic efforts to end Russia's war in Ukraine provided some relief, but ongoing Russian attacks kept markets fixated on the disruption to crucial Black Sea grain trade routes. Analyst Josh Lawrence of IKON Commodities noted that \"World wheat trade continues to straddle the headlines of the conflict between Russia and Ukraine with the seemingly plentiful stock levels.\" \"Attention on demand will now focus on increased tender activity including this week with Pakistan, as well as any change in buying activity from key importers across Southeast Asia,\" he added. Pakistan's government issued an international tender to procure and import 750,000 metric tons of wheat, according to European traders. Corn slipped 0.09% to $5.29-3/4 per bushel, despite gains from higher oil prices and expectations of a smaller US harvest. This came after the US Department of Agriculture forecast a lower corn harvest for the autumn, following hot summer weather that raised concerns about crop damage. Commodity funds were net sellers of CBOT corn, soy, and wheat, according to traders on Friday.",
  "summary": "BEIJING: Chicago soybeans rose on Monday , supported by strong Chinese demand and higher crude oil prices. The most-active soybean contract on the Chicago Board of Trade (CBOT) edged 0.31% higher to $13-1/2 a bushel by 0231 GMT. Chinese state buyers have stepped up purchases of US soybeans ahead of Chinese President Xi Jinping’s visit to Washington later this month. Markets are awaiting greater…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}