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A US court of appeals allowed a ruling that blocked the Trump administration's tariffs to be delayed 14 days, giving the Justice Department time to appeal. Brent July futures fell 1.4% to $64.1 per barrel, while July soybean oil fell to about $1,035 per ton, down roughly 8% over two weeks on reduced export demand and possible cancellation of tariffs on Canadian canola oil.
Tariff uncertainty raises risk to trade flows and weighs on crude, which lowers biofuel economics and pressures soyoil and sunflower oil prices.
agroreview.comВасилевич АндрійJun 1, 2025After 210 past bearish policy events, BRENT moved a median -0.9% over 5 sessions (48% higher; middle half -3.8% to +3.2%), and +0.2% over 20.
After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
