CBOT Soybean Futures Fall 0.7% on Friday as Long Liquidations, Crude Oil Decline Weigh

GateNews
CORN-0.25%
According to Jin10, CBOT soybean futures fell 0.7% on Friday (May 30), driven by long liquidation ahead of month-end. A U.S.-Iran ceasefire agreement sparked a 2% decline in crude oil futures, weighing on agricultural commodities. Since corn and soybeans are commonly used biofuel feedstock, they tend to move in tandem with crude oil prices.
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