Soybean Surges 1% on Demand Hopes, USDA Supply Forecast

Soybean futures surged as much as 1% in the middle of the trading week, primarily driven by renewed demand hopes and the US government’s recent agricultural outlook for the upcoming marketing season. As more countries begin to reopen their economies gradually, investors are optimistic that demand could balloon, especially from the world’s top consumer: China.

July soybean futures advanced $0.0625, or 0.75%, to $8.385 per bushel at...

Soybean Surges 1% on Demand Hopes, USDA Supply Forecast

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