1. Iran War, Crude Spike Send Soybean Oil Surging 3.4% on Biofuel Tailwinds
Soybean oil futures in Chicago surged as much as 3.4%, propelled by a direct and volatile link to escalating crude oil prices. The conflict in Iran is driving the spike in crude, which in turn amplifies demand and pricing pressure for vegetable oils used in biofuel production. This creates a powerful tailwind for the b...