CBOT Soybeans: Soybean futures on the Chicago Board of Trade (CBOT) rose on Friday, hitting their highest level since June 2024. This rally followed further gains in crude oil prices, as investors continued to react to potential supply disruptions stemming from ongoing tensions in the Middle East. In South America, data from the Mato Grosso Institute of Agricultural Economics (Imea) showed that as of the week ending March 6th, the 2025/26 soybean harvest in Mato Grosso had reached 89.15% completion, surpassing the five-year average for the period. While a bumper harvest in South America puts some pressure on CBOT soybean prices, geopolitical tensions are driving up crude oil and international fertilizer prices, providing strong support. Market attention is now on the resistance level at 1240 US cents per bushel for CBOT soybeans.