CBOT Soybean Futures Rise 2% Thursday on Export Demand, Heat Wave Alert

According to Jin10 Futures, CBOT soybean futures closed up 2% Thursday (June 26) as U.S. soybean export sales improved and international crude oil rebounded. Market attention shifted to weather forecasts for the coming week, with the National Oceanic and Atmospheric Administration (NOAA) predicting temperatures in the U.S. Midwest and East Coast regions could reach 100 degrees Fahrenheit (approximately 38 degrees Celsius) by the weekend. Temperatures are expected to remain above historical averages from the Great Plains to the Atlantic coast through July 4, potentially pressuring crop conditions and supporting soybean prices.
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