Chicago soybean oil futures surged more than 4% at the open as energy prices spiked amid Middle East tensions. The rally in crude oil has boosted demand for crops used in biofuel production, pushing agricultural commodity markets higher. Traders are watching the conflict closely as it drives volatility across energy and food sectors.

Biofuel demand typically rises when crude oil prices climb, as alternatives become more competitive. Soybean oil is a key feedstock for biodiesel, and the recent energy market turmoil has strengthened its appeal. The Middle East conflict has created supply concerns in oil markets, indirectly benefiting agricultural commodities used for energy production.

This price movement reflects the interconnected nature of global commodity markets, where geopolitical events in energy-producing regions can ripple through to agricultural products. The 4% jump in soybean oil futures signals how quickly market dynamics can shift when energy and food production compete for the same resources.