Soybean oil futures fell 5% after a temporary US–Iran ceasefire prompted a plunge in crude oil prices, reducing the appeal of crop-based biofuels. The crude sell-off undercut biofuel economics, pressuring vegetable oil markets and likely weighing on biofuel producers and margins tied to soybean oil.
Soybean oil futures fell 5% after a temporary US–Iran ceasefire prompted a plunge in crude oil prices, reducing the appeal of crop-based biofuels. The crude sell-off undercut biofuel economics, pressuring vegetable oil markets and likely weighing on biofuel producers and margins tied to soybean oil.
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