# Iran war's boost to biofuels lifts US agriculture giants' earnings | Reuters

> Soybean oil prices reached their highest level in more than three years as crude oil surged. North American soy crush margins widened, and analysts expect Bunge and ADM to raise 2026 profit guidance following an EPA biofuel mandate.

- Date: 2026-04-28 · published 2026-04-28T12:00:00.000Z
- Category: policy · region US · magnitude medium
- Page: https://feedsoft.ai/events/12290-iran-war-s-boost-to-biofuels-lifts-us-agriculture-giants-earnings-reuters
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude prices and biofuel mandates boost soybean oil demand, lifting crush margins and processor returns. Strong oil demand supports soybean prices, though high costs and interest rates limit further crush expansion.

## Read by commodity

- SBO: bullish ▲
- SOY: bullish ▲
- WTI: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2023-10-12 | [US shifts to net soybean oil importer on biofuel boom: Foreign Agricultural Service](https://feedsoft.ai/events/15267-us-shifts-to-net-soybean-oil-importer-on-biofuel-boom-foreign-agricultural.md) | +5.1% | +0.1% |
| SBO | 2025-04-01 | [US oil and biofuel coalition meets with EPA to seek biomass diesel boost \| Reuters](https://feedsoft.ai/events/15125-us-oil-and-biofuel-coalition-meets-with-epa-to-seek-biomass-diesel-boost-reuters.md) | +0.9% | +7.8% |
| SBO | 2026-04-30 | [Record US biofuel targets to test biodiesel industry after slow year \| Reuters](https://feedsoft.ai/events/15030-record-us-biofuel-targets-to-test-biodiesel-industry-after-slow-year-reuters.md) | +0.5% | -3.5% |
| SBO | 2025-02-20 | [US oil, biofuel groups unite to urge new Trump EPA to boost biofuel mandates \| Reuters](https://feedsoft.ai/events/15141-us-oil-biofuel-groups-unite-to-urge-new-trump-epa-to-boost-biofuel-mandates.md) | -0.2% | -5.0% |
| SBO | 2026-05-27 | [Biofuels give boost to soybean oil futures rally \| World Grain](https://feedsoft.ai/events/19353-biofuels-give-boost-to-soybean-oil-futures-rally-world-grain.md) | +2.2% | -3.6% |
| SOY | 2025-04-01 | [US oil and biofuel coalition meets with EPA to seek biomass diesel boost \| Reuters](https://feedsoft.ai/events/15125-us-oil-and-biofuel-coalition-meets-with-epa-to-seek-biomass-diesel-boost-reuters.md) | -3.1% | +2.6% |
| SOY | 2026-04-30 | [Record US biofuel targets to test biodiesel industry after slow year \| Reuters](https://feedsoft.ai/events/15030-record-us-biofuel-targets-to-test-biodiesel-industry-after-slow-year-reuters.md) | -0.3% | +1.0% |
| SOY | 2025-02-20 | [US oil, biofuel groups unite to urge new Trump EPA to boost biofuel mandates \| Reuters](https://feedsoft.ai/events/15141-us-oil-biofuel-groups-unite-to-urge-new-trump-epa-to-boost-biofuel-mandates.md) | -0.7% | -2.3% |

## Sources

- reuters.com: https://www.reuters.com/sustainability/climate-energy/iran-wars-boost-biofuels-lifts-us-agriculture-giants-earnings-2026-04-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.