CBOT Soybean Oil Falls 1.8% on Tuesday as Crude Oil Slumps on US-Iran Peace Deal

According to Jin10 Futures, CBOT soybean oil futures closed down 1.8% on Tuesday, with the benchmark contract trading between 67.84 and 69.63 cents. The decline was driven by a sharp drop in crude oil following a preliminary peace agreement between the U.S. and Iran. Soybean oil, a key feedstock for biodiesel production, is sensitive to energy price movements.
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