Benchmark soybean oil futures end lower to kick off week
US soybean oil futures shifted lower on Monday January 27, ending the week’s opening session with a marginal loss.
President Donald Trump has said he plans to implement a 25% tariff on imports from Canada and Mexico and a 10% tariff on Chinese goods by Saturday February 1, citing concerns over immigration and trade imbalances.
Fastmarkets’ research team expects these measures to affect the US hide market significantly, with higher import costs and potential disruptions in supply chains. Analysts fear reduced c...