Iran War Boosts Biofuels, Benefiting US Agriculture Giants
Rising crude oil prices due to the Iran war have increased soybean oil prices, benefiting US agribusinesses like Bunge and Archer Daniels Midland. Higher biofuel mandates and improved processing margins are expected to lift their 2026 profit outlooks despite lower first-quarter earnings.
Topics: agribusiness earnings Archer Daniels Midland biofuels Bunge EPA biofuel mandates soybean oil prices