{"id":14852,"date":"2026-03-12T16:06:04","date_gmt":"2026-03-12T16:06:04","guid":{"rendered":"https:\/\/www.expanamarkets.com\/?post_type=insight&#038;p=14852"},"modified":"2026-03-12T16:14:07","modified_gmt":"2026-03-12T16:14:07","slug":"middle-east-conflict-implications-for-soybean-oil-and-a-review-of-dairy-markets-expert-recap","status":"publish","type":"insight","link":"https:\/\/www.expanamarkets.com\/insights\/article\/middle-east-conflict-implications-for-soybean-oil-and-a-review-of-dairy-markets-expert-recap\/","title":{"rendered":"Middle East Conflict: Implications for Soybean Oil and a Review of Dairy Markets &#8211; Expert Recap"},"content":{"rendered":"\n<!-- .module.article-rich-text: start -->\n<div id=\"\" class=\"module article-rich-text pt-16 md:pt-20 xl:pt-24 pb-10 md:pb-10 xl:pb-10 hidden show-small:block show-medium:block show-large:block [p_+_p]:mb-24\">\n\t<p style=\"text-align: left;\" aria-level=\"2\"><b><span data-contrast=\"none\">Webinar Overview and Speakers<\/span><\/b><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;134245418&quot;:true,&quot;134245529&quot;:true,&quot;335557856&quot;:16777215,&quot;335559738&quot;:192,&quot;335559739&quot;:96}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\">Rising geopolitical tensions in the Middle East have pushed energy prices sharply higher, with Brent crude trading above $100\/bbl for the first time in nearly four years. In this webinar, Expana market reporters explored how higher energy and freight costs, and the risk of logistics disruption, are filtering into two key markets: global dairy and soybean oil and vegetable oils. A central theme across both discussions was the tension between sentiment-driven volatility and underlying fundamentals.<\/p>\n<p aria-level=\"3\"><strong>Meet the Speakers:\u00a0<\/strong><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Tosin Jack <\/span><\/b><span data-contrast=\"none\">&#8211; Expana <\/span><span data-contrast=\"none\">Director of Market Reporting &#8211; expert on commodity and protein markets<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335557856&quot;:16777215,&quot;335559738&quot;:0,&quot;335559739&quot;:0}\">\u00a0<\/span><\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><strong>Jose Saiz<\/strong> &#8211; Expana Dairy Market Reporter<\/li>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><strong>Kyle Holland <\/strong>&#8211; Expana Senior Market Reporter, Oilseeds and Vegetable Oils<\/li>\n<\/ul>\n\t<\/div>\n\t<!-- .module.article-rich-text: end -->\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Implications for Soybean Oil and a Review of Dairy Markets\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Y5UoNtmWA6E?feature=oembed&#038;enablejsapi=1&#038;origin=https:\/\/www.expanamarkets.com\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<!-- .module.article-rich-text: start -->\n<div id=\"\" class=\"module article-rich-text pt-16 md:pt-20 xl:pt-24 pb-10 md:pb-10 xl:pb-10 hidden show-small:block show-medium:block show-large:block [p_+_p]:mb-24\">\n\t<h5 aria-level=\"2\">Key Takeaways<\/p>\n<\/h5>\n<ul>\n<li>Dairy markets are reacting quickly to headlines, but supply fundamentals currently point to ample availability in major exporting regions.<\/li>\n<li>Iran\u2019s growing role in dairy trade, notably skim milk powder, increases sensitivity to disruption in regional logistics and demand patterns.<\/li>\n<li>Soybean oil futures have rallied strongly alongside crude, but physical trade has not kept pace, raising questions about how long the move can last.<\/li>\n<li>Freight rerouting via the Cape of Good Hope is manageable in the near term but increases costs and can create delays and congestion.<\/li>\n<li>Fertilizer and feed costs are a key medium-term risk factor across agriculture if elevated energy prices persist.<\/li>\n<\/ul>\n<h4>\u00a0<\/h4>\n<h4>Dairy: sentiment volatility vs. ample supply<\/h4>\n<p class=\"mb-2 whitespace-pre-wrap\">Iran has emerged as the fourth-largest exporter of skim milk powder globally, behind the EU, the US and New Zealand. This growth has been supported by government strategy to expand non-oil exports. Iran\u2019s competitive pricing and proximity have made it an important supplier to neighboring markets, particularly Afghanistan and Pakistan, while Russia is a key destination for Iranian butter exports.<\/p>\n<h5>Prices had already rallied before the latest escalation<\/h5>\n<p class=\"mb-2 whitespace-pre-wrap\">Expana benchmark skim milk powder prices have risen more than 30 percent over the past three months. The rally was linked to international demand, including buying from the Middle East and Southeast Asia. Speakers noted that buyers earlier secured coverage at low prices, which suggests some level of security stocks in the market.<\/p>\n<h5>Supply-side fundamentals remain comfortable<\/h5>\n<p class=\"mb-2 whitespace-pre-wrap\">Despite market anxiety, the dairy discussion emphasized that fundamentals tend to prevail. After several years of stagnation, milk production in major exporting regions has returned to growth, contributing to a sense of oversupply. Europe has seen increased output and stock availability, with producers favoring products with longer shelf life. This has supported production growth in skim milk powder and butter, alongside steady cheese output. Cheese accounts for roughly half of EU milk utilization.<\/p>\n<h5>Logistics risks: delays and costs more than outright disruption for now<\/h5>\n<p class=\"mb-2 whitespace-pre-wrap\">If key regional routes become constrained, the most exposed importers include Iraq, Kuwait, Bahrain, Qatar and the UAE. Saudi Arabia may retain flexibility through Jeddah on the Red Sea. Market feedback suggested ports such as Oman remained open, but shipping companies are increasingly avoiding the Suez Canal and rerouting. This can extend transit times. Europe to Southeast Asia could rise from roughly 9 to 10 weeks to as much as 12 weeks.<\/p>\n<p class=\"mb-2 whitespace-pre-wrap\">The presenter also challenged claims that up to 20 percent of EU dairy exports were at risk, citing European Commission data indicating exposure closer to 4 to 5 percent.<\/p>\n<h5>Dairy scenarios: how the impact could escalate<\/h5>\n<p class=\"mb-2 whitespace-pre-wrap\">Speakers outlined potential outcomes depending on duration:<\/p>\n<ol>\n<li><strong>Short disruption measured in weeks:<\/strong>\u00a0Volatility remains dominated by sentiment, with limited trade flow impact due to stocks and rerouting.<\/li>\n<li><strong>Prolonged disruption from roughly 1 to 4 months:<\/strong>\u00a0Rerouting increases costs, some flows may shift to air freight, and Asian buyers may prefer New Zealand and US supply for perceived security and continuity. Import losses are most likely in Qatar, Bahrain, the UAE, Iraq and Kuwait, while producers may need to place product more aggressively during peak production.<\/li>\n<li><strong>Extended disruption beyond that window:<\/strong>\u00a0Higher energy, fertilizer and feed costs could reduce profitability and accelerate expected milk output declines later in the year, potentially shifting the market balance.<\/li>\n<\/ol>\n<h4>\u00a0<\/h4>\n<h4>Soybean oil and vegetable oils: futures rally vs. sluggish physical demand<\/h4>\n<p class=\"mb-2 whitespace-pre-wrap\">Soybean oil rallied to multi-year highs in futures markets, reflecting its correlation with crude oil. Market participants also expect higher energy prices to improve biodiesel economics, particularly in the US and Brazil, increasing demand for soybean oil as a feedstock.<\/p>\n<h5>Physical markets are not confirming the move<\/h5>\n<p class=\"mb-2 whitespace-pre-wrap\">A key message was the disconnect between paper and physical markets. Futures prices surged, but physical trade has been muted across soybean oil and many other vegetable oils. End users have largely stayed on the sidelines. In some cases, cargoes originally destined for Iran and the UAE were reportedly resold at discounts due to port and logistics uncertainty, which added softness to physical pricing.<\/p>\n<h5>Abundant soybean supply is a counterweight<\/h5>\n<p class=\"mb-2 whitespace-pre-wrap\">Fundamentals still point to large global soybean availability. Brazil is harvesting a large crop, although harvest progress is slightly behind last year. The US achieved record yields, and Argentina also has large supplies. The webinar also noted that key soybean flows to China generally avoid the most sensitive routes, often shipping via the Cape of Good Hope.<\/p>\n<h5>China demand remains the open question<\/h5>\n<p class=\"mb-2 whitespace-pre-wrap\">The discussion framed China as an important uncertainty. Supply access is not the constraint. The more relevant question is whether China wants to buy aggressively. Buying interest appears restrained, supported by high inventories that include significant soybean oil stocks, and limited urgency to extend forward coverage.<\/p>\n<p class=\"mb-2 whitespace-pre-wrap\">Brent\u2019s forward curve has been in backwardation, with nearby prices above forward months. Speakers noted this structure often signals expectations that the current risk premium may be temporary. This supported the view that the soybean oil futures rally may be overextended if physical buying does not strengthen.<\/p>\n<h5>Rising input costs: fertilizer risk remains a major watch item<\/h5>\n<p class=\"mb-2 whitespace-pre-wrap\">Beyond immediate price moves, fertilizer was flagged as a key medium-term risk. Higher energy prices are feeding into fertilizer costs, with reported increases of 30 to 50 percent for some products. Countries reliant on fertilizer imports, including Brazil, could face higher costs and logistical complications if disruptions or rerouting persist.<\/p>\n<p>&nbsp;<\/p>\n\t<\/div>\n\t<!-- .module.article-rich-text: end -->\n\n\n<!-- .module.faqs-list: start -->\n<div  class=\"module faq-list pt-16 md:pt-20 xl:pt-24 pb-40 md:pb-64 xl:pb-80 hidden show-small:block show-medium:block show-large:block type-full\">\n\t<div class=\"container lg:grid lg:grid-cols-12 lg:px-80\">\n\n\t\t<div class=\"inner col-span-12 lg:col-span-10 lg:col-start-2 lg:col-end-12 bg-fn-ModBgLightTheme\">\n\n\t\t\t\t\t\t\t<h3 class=\"text-[27px] font-light leading-8 mb-24 md:text-[34px] md:leading-10 text-coreDarkGreen\" data-scroll-class=\"expanaFadeInUp\">\n\t\t\t\t\tFAQs\t\t\t\t<\/h3>\n\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"accordion first:border-t border-b border-digitalDarkGrey20 text-coreDarkGreen block\" data-scroll-class=\"fadeIn\" data-scroll-delay=\"500\">\n\t\t\t\t\t\t<div class=\"py-16 pr-16 md:py-24 cursor-pointer accordion-toggle\">\n\t\t\t\t\t\t\t<div class=\"flex justify-between\">\n\t\t\t\t\t\t\t\t<h3 class=\"text-md leading-6 font-labgMed\">\n\t\t\t\t\t\t\t\t\tHow exposed are European dairy exports to disruption in the Gulf region?\t\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t\t\t<span class=\"toggle-icon *:size-[20px] flex items-center transition-transform\">\n\t\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"25\" viewBox=\"0 0 24 25\" fill=\"none\">\n\t<path class=\"icon-chevron-down\" d=\"M12.0582 14.6383L19.4082 7.28828C19.6582 7.03828 19.9499 6.91745 20.2832 6.92578C20.6166 6.93411 20.9082 7.06328 21.1582 7.31328C21.4082 7.56328 21.5332 7.85495 21.5332 8.18828C21.5332 8.52161 21.4082 8.81328 21.1582 9.06328L13.4832 16.7633C13.2832 16.9633 13.0582 17.1133 12.8082 17.2133C12.5582 17.3133 12.3082 17.3633 12.0582 17.3633C11.8082 17.3633 11.5582 17.3133 11.3082 17.2133C11.0582 17.1133 10.8332 16.9633 10.6332 16.7633L2.93322 9.06328C2.68322 8.81328 2.56238 8.51745 2.57072 8.17578C2.57905 7.83412 2.70822 7.53828 2.95822 7.28828C3.20822 7.03828 3.49988 6.91328 3.83322 6.91328C4.16655 6.91328 4.45822 7.03828 4.70822 7.28828L12.0582 14.6383Z\" fill=\"currentcolor\"\/>\n<\/svg>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"overflow-hidden max-h-0 transition-all delay-100 duration-500 accordion-content\">\n\t\t\t\t\t\t\t<div class=\"pt-8 pb-24\">\n\t\t\t\t\t\t\t\t<div class=\"*:leading-6\">\n\t\t\t\t\t\t\t\t\t<p>Exposure looks smaller than some market narratives suggest. Expana&#8217;s experts cited European Commission data indicating the Gulf and nearby markets account for roughly 4 to 5 percent of EU dairy exports, not 20 percent as circulated in some commentary. Risks are more about higher costs and shipping delays than immediate loss of all flows, helped by rerouting options and alternative ports.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion first:border-t border-b border-digitalDarkGrey20 text-coreDarkGreen block\" data-scroll-class=\"fadeIn\" data-scroll-delay=\"500\">\n\t\t\t\t\t\t<div class=\"py-16 pr-16 md:py-24 cursor-pointer accordion-toggle\">\n\t\t\t\t\t\t\t<div class=\"flex justify-between\">\n\t\t\t\t\t\t\t\t<h3 class=\"text-md leading-6 font-labgMed\">\n\t\t\t\t\t\t\t\t\tIs dairy price volatility being driven by real shortages or market sentiment?\t\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t\t\t<span class=\"toggle-icon *:size-[20px] flex items-center transition-transform\">\n\t\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"25\" viewBox=\"0 0 24 25\" fill=\"none\">\n\t<path class=\"icon-chevron-down\" d=\"M12.0582 14.6383L19.4082 7.28828C19.6582 7.03828 19.9499 6.91745 20.2832 6.92578C20.6166 6.93411 20.9082 7.06328 21.1582 7.31328C21.4082 7.56328 21.5332 7.85495 21.5332 8.18828C21.5332 8.52161 21.4082 8.81328 21.1582 9.06328L13.4832 16.7633C13.2832 16.9633 13.0582 17.1133 12.8082 17.2133C12.5582 17.3133 12.3082 17.3633 12.0582 17.3633C11.8082 17.3633 11.5582 17.3133 11.3082 17.2133C11.0582 17.1133 10.8332 16.9633 10.6332 16.7633L2.93322 9.06328C2.68322 8.81328 2.56238 8.51745 2.57072 8.17578C2.57905 7.83412 2.70822 7.53828 2.95822 7.28828C3.20822 7.03828 3.49988 6.91328 3.83322 6.91328C4.16655 6.91328 4.45822 7.03828 4.70822 7.28828L12.0582 14.6383Z\" fill=\"currentcolor\"\/>\n<\/svg>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"overflow-hidden max-h-0 transition-all delay-100 duration-500 accordion-content\">\n\t\t\t\t\t\t\t<div class=\"pt-8 pb-24\">\n\t\t\t\t\t\t\t\t<div class=\"*:leading-6\">\n\t\t\t\t\t\t\t\t\t<p>Largely sentiment in the near term. The presenters stressed that while headlines can move dairy prices quickly, fundamentals currently point to ample supply, with milk output growing again in key exporting regions and stocks available in Europe. Any sustained shift would more likely come later, if higher energy, feed, and fertilizer costs begin to reduce production.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"accordion first:border-t border-b border-digitalDarkGrey20 text-coreDarkGreen block\" data-scroll-class=\"fadeIn\" data-scroll-delay=\"500\">\n\t\t\t\t\t\t<div class=\"py-16 pr-16 md:py-24 cursor-pointer accordion-toggle\">\n\t\t\t\t\t\t\t<div class=\"flex justify-between\">\n\t\t\t\t\t\t\t\t<h3 class=\"text-md leading-6 font-labgMed\">\n\t\t\t\t\t\t\t\t\tWhy are soybean oil futures rallying if physical trade is slow?\t\t\t\t\t\t\t\t<\/h3>\n\t\t\t\t\t\t\t\t<span class=\"toggle-icon *:size-[20px] flex items-center transition-transform\">\n\t\t\t\t\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"24\" height=\"25\" viewBox=\"0 0 24 25\" fill=\"none\">\n\t<path class=\"icon-chevron-down\" d=\"M12.0582 14.6383L19.4082 7.28828C19.6582 7.03828 19.9499 6.91745 20.2832 6.92578C20.6166 6.93411 20.9082 7.06328 21.1582 7.31328C21.4082 7.56328 21.5332 7.85495 21.5332 8.18828C21.5332 8.52161 21.4082 8.81328 21.1582 9.06328L13.4832 16.7633C13.2832 16.9633 13.0582 17.1133 12.8082 17.2133C12.5582 17.3133 12.3082 17.3633 12.0582 17.3633C11.8082 17.3633 11.5582 17.3133 11.3082 17.2133C11.0582 17.1133 10.8332 16.9633 10.6332 16.7633L2.93322 9.06328C2.68322 8.81328 2.56238 8.51745 2.57072 8.17578C2.57905 7.83412 2.70822 7.53828 2.95822 7.28828C3.20822 7.03828 3.49988 6.91328 3.83322 6.91328C4.16655 6.91328 4.45822 7.03828 4.70822 7.28828L12.0582 14.6383Z\" fill=\"currentcolor\"\/>\n<\/svg>\n\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"overflow-hidden max-h-0 transition-all delay-100 duration-500 accordion-content\">\n\t\t\t\t\t\t\t<div class=\"pt-8 pb-24\">\n\t\t\t\t\t\t\t\t<div class=\"*:leading-6\">\n\t\t\t\t\t\t\t\t\t<p>The rally is being driven by crude oil strength and expectations of stronger biodiesel demand, which pulls soybean oil higher in futures. However, the physical market has been comparatively quiet, with end users hesitant to buy at elevated prices and some cargoes being redirected or discounted due to regional uncertainty. Large soybean supplies in Brazil, the US, and Argentina are also tempering tightness concerns.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n<!-- .module.faqs-list: end -->","protected":false},"excerpt":{"rendered":"","protected":false},"author":50,"featured_media":10556,"template":"","tags":[128,151],"insight-theme":[166],"insight_topic":[201,112,317],"news_topic":[],"class_list":["post-14852","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-dairy","tag-oilseeds","insight-theme-weekly-market-insights","insight_topic-dairy","insight_topic-grains-oils-and-oilseeds","insight_topic-middle-east-conflict"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Middle East Conflict: Implications for Soybean Oil and a Review of Dairy Markets - Expert Recap<\/title>\n<meta name=\"description\" content=\"In this webinar, Expana market reporters explored how higher energy and freight costs, and the risk of logistics disruption, are filtering into two key markets: global dairy and soybean oil and vegetable oils.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.expanamarkets.com\/insights\/article\/middle-east-conflict-implications-for-soybean-oil-and-a-review-of-dairy-markets-expert-recap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:description\" content=\"In this webinar, Expana market reporters explored how higher energy and freight costs, and the risk of logistics disruption, are filtering into two key markets: global dairy and soybean oil and vegetable oils.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.expanamarkets.com\/insights\/article\/middle-east-conflict-implications-for-soybean-oil-and-a-review-of-dairy-markets-expert-recap\/\" \/>\n<meta property=\"og:site_name\" content=\"Expana\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-12T16:14:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.expanamarkets.com\/wp-content\/uploads\/2025\/05\/milk_AdobeStock_330246071.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1313\" \/>\n\t<meta property=\"og:image:height\" content=\"875\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/middle-east-conflict-implications-for-soybean-oil-and-a-review-of-dairy-markets-expert-recap\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/insights\\\/article\\\/middle-east-conflict-implications-for-soybean-oil-and-a-review-of-dairy-markets-expert-recap\\\/\"},\"author\":{\"name\":\"Tosin Jack\",\"@id\":\"https:\\\/\\\/www.expanamarkets.com\\\/#\\\/schema\\\/person\\\/94caefafc8d4006e2e43bd6b182ebfd9\"},\"headline\":\"Middle East Conflict: Implications for Soybean Oil and a Review of Dairy Markets &#8211; 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