Chicago Soy Oil Jumps 4% as Crude’s Rally Boosts Biofuel Demand

Chicago soybean oil prices futures surged more than 4% at the open, as a spike in energy prices driven by the conflict in the Middle East lifts demand for crops...

By Hallie Gu · Bloomberg Markets

Chicago soybean oil prices futures surged more than 4% at the open, as a spike in energy prices driven by the conflict in the Middle East lifts demand for crops used in biofuel production.