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Soybean Futures Hit Highest Since 2023 on US Biofuel Exemptions
Source: Bloomberg
Energy Markets & PricesCommodities & Raw MaterialsTrade Policy & Supply ChainInflationConsumer Demand & Retail
US soybean futures rose to their highest level in almost three years following the Trump administration’s renewable fuel exemption, which signaled stronger-than-expected biofuel demand. The news is supportive for feedstock demand expectations and helped lift prices meaningfully versus recent levels, suggesting a potential multi-session tailwind for commodity sentiment.
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