Soybean futures fell to a two-month low in Chicago after Lula’s election win in Brazil raised expectations of closer ties with China, potentially eroding the US share of the world’s biggest soybean import market.
Soybean oil contracts fell from their highest in three-and-a-half years, following a slump in crude after President Donald Trump said he would pause US-led efforts to guide ships through the Strait of Hormuz.
