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CBOT soybean futures climb on flooding in some growing areas

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By Renee Hickman

CHICAGO, June 24 (Reuters) -Chicago Board of Trade soybean futures rallied on Monday after a round of thunderstorms in the upper Midwest over the weekend caused localized flooding that put the crop at risk.

  • CBOT July soybeans SN24 ended up 14-3/4 cents at $11.75-1/4 a bushel.

  • CBOT July soymeal SMN24 closed $11.00 higher at $372.80 per short ton.

  • CBOT July soyoil BON24 finished 0.45 cent lower at $43.49 cents per pound.

  • Localized flooding from thunderstorms over the weekend affected crops in soybean-growing areas of the U.S. Midwest.

  • Analysts polled by Reuters predicted the USDA later on Monday would rate 68% of the oilseed crop as good to excellent, down 2 percentage points from last week but still the highest for this time of year since 2020.

  • Exporters sold 228,000 metric tons of U.S. soymeal to the Philippines, the USDA said in a daily flash sale.

Reporting by Renee Hickman in Chicago; Editing by Aurora Ellis


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