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Soybean Oil Drops Most in Month After US Halts Strikes on Iran

Bloomberg Markets Monday 27 July 2026, 04:55 UTC By Ben Westcott 1 min read
Key Points

Commodities Soybean Oil Drops Most in Month After US Halts Strikes on Iran Chicago soybean oil futures fell the most in a month on Monday as the US pause in strikes against Iran eased fears of further escalation, sending crude prices tumbling and pulling grain and oilseed markets lower. The US halted its nearly two-week campaign of daily strikes over the weekend without explanation. Crude prices fell more than 7% in the first few minutes of the session, briefly dropping below $90 a barrel.

Commodities Soybean Oil Drops Most in Month After US Halts Strikes on Iran Chicago soybean oil futures fell the most in a month on Monday as the US pause in strikes against Iran eased fears of further escalation, sending crude prices tumbling and pulling grain and oilseed markets lower. The US halted its nearly two-week campaign of daily strikes over the weekend without explanation. Crude prices fell more than 7% in the first few minutes of the session, briefly dropping below $90 a barrel.
Soybean Oil Drops Most (ORG) US (LOCATION) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →

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