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Story summary
- Soybean oil futures fell to a two-month low after an interim peace deal between the United States and Iran.
- The drop was 2.7% on Monday, marking the lowest level since April 17.
- Officials will sign the agreement in Switzerland on June 19.
- Funds are net short in corn futures since February, have sold wheat, soybeans and soybean meal, and still hold a large long bean-oil position, the Hightower Report said.
