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Soybean oil hit new contract highs on speculative buying but settled near the midpoint of the day's range. Board crush margins rose to a six-month high, and Trump raised import tariffs to 15% from 10%.
Strong crush margins encourage more soybean crushing and more soyoil output, which limits upside. Speculative positioning can reverse quickly if trade tensions escalate.
agupdate.comFeb 23, 2026Not 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.
