CBOT soybean futures for July closed at 1195.75, up 10.25 cents per bushel. The increase was mainly driven by rising crude oil prices, as soybeans, as a biodiesel feedstock, are closely linked to oil price movements. A brief strike by oilseed workers in Argentina, though lasting only a few hours, raised concerns about the operation of the world's largest soybean product exporter, providing additional support to the soybean market. Geopolitical uncertainties persist, with traffic through the Strait of Hormuz remaining well below pre-conflict levels, exacerbating oil price volatility. However, the rapid progress of U.S. soybean spring planting continues to exceed historical averages. The USDA Crop Progress Report showed that as of May 24, planting was 79% complete and the emergence rate was 49%, with favorable weather conditions limiting upside price potential.