The main futures contract of CBOT soybeans continued to close higher, as the U.S. Department of Agriculture's 2026/27 soybean stocks and production estimates came in below market expectations. Adding further support to the grain market was oil prices closing higher for the third consecutive trading session, driven by major disagreements between the U.S. and Iran over proposals to end conflicts in the Middle East, raising concerns that supply disruptions disrupting global oil markets could persist for a longer period.