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A Food Business News piece summarizes a purchasing seminar talk on soybean oil. It says new biofuel policy, strong demand and the Iran war have produced a significant recent price increase that is challenging for buyers.
Strong biofuel policy and demand have lifted soybean oil prices sharply, which raises procurement costs for feed and food buyers.
Not enough comparable past events yet for a historical read.
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.