Soybeans II Surges 3.05% on May 19 Amid Oil Rally

GateNews
According to Jin10 Futures, Soybeans II futures surged on May 19, with the main contract b2607 closing at 3,649, up 108 points or 3.05%. U.S. soybeans rallied nearly 3% overnight as Middle East tensions pushed crude oil higher, lifting soybean oil demand expectations and crushing margins. Meanwhile, heavy rainfall in Brazil's main soybean regions delayed harvest completion, with shipments to China potentially declining by 2 million tons in May-June.
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