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Off to the Races
Soybean oil rallied 4% overnight, climbing back above 68 cents as the market digests a one-two punch from the latest industry analysis circulating the market and mounting rumors that the administration could implement its proposed 50% RIN “haircut” on foreign-derived biofuels as early as 2027.
The gaps in this one-minute soybean oil chart from the past few days are incredible, highlighting just how quickly the market is trying to reprice policy expectations in real time amid the escalating conflict in the Middle East.
Before getting carried away with the headline numbers, let’s take a look at the math — and what it actually means for markets.
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