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Break in Soybean Oil Drags Grains Lower | Channel Final Bell with Arlan Suderman
Published 1 month, 1 week ago
Description
Profit taking and uncertainty led soybean oil to drop today after reaching multi-year highs.
World demand for biofuels keeps demand strong, but uncertainty around the war with Iran has speculative funds nervous.
Cattle futures were lower once again as future demand for high priced beef remains in question.
Arlan Suderman with Stone X Financial recaps today's trade.