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CBOT soybean oil futures were more volatile in June than any other month this year, reaching a record high of 73.74 cents/lb on June 7 before falling sharply after reports of possible biofuel blending cuts. South American FOB trading slowed as traders took cautious positions.
Heightened futures volatility and policy uncertainty around biofuel blending have made South American soyoil trade cautious, affecting export pricing and availability.
ukragroconsult.comJul 2, 2021Not 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.
