Recession Signals Emerge as Gasoil and Soyoil Diverge Sharply
Markets today display broad weakness, particularly in energy sectors, exacerbated by geopolitical uncertainties that have sent gold prices surging toward $3,320 per ounce. ICE Gasoil, a pivotal reference for biodiesel margins, is trading lower at $583 per metric ton. Concurrently, soybean oil markets have weakened, with the May BOGO spread expanding slightly to +481, reflecting these downward pressures.
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