Soybean futures climbed 16 cents amid options migration.

Agricultural markets saw broad strength today as Soybean, Corn, and Wheat futures all traded higher. Soybean futures climbed 16 cents to 1194'4, supported by higher crude oil prices and continued net long positioning from money managers, even as planting progress reached 12%. Options activity is migrating to the July and November contracts following Friday's May expiration. Corn futures also rallied despite ideal weather conditions in the Corn Belt, with the July contract advancing 20'6 cents from its April 10 low. In the wheat complex, dry conditions straining the hard red crop in the southern plains and production struggles in Australia pushed prices toward the upper resistance of a two-month trading channel.