Markets

Chicago soy, wheat, corn rise on oil rally, Middle East tensions

Wheat also saw sharp gains, reaching its highest level since June 2024

Published March 9, 2026 Updated March 9, 2026 10:28am

1 min

By Reuters

Add BRecorder as a trusted
source on Google

BEIJING: Chicago soybeans rose on Monday to their highest level since May 2024, buoyed by further gains in crude oil prices amid the ongoing US-Israeli war with Iran.

Wheat also saw sharp gains, reaching its highest level since June 2024, as fears of an escalating Middle East conflict fuelled short-covering.

Corn prices hit a 10-month high.

Read Comments

CBOT soybeans edge lower on China demand uncertainty, Brazil harvest