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Australian oilseed shares surged 248% after a Trump post falsely claimed the U.S. would produce its own cooking oil.
Shares of Australian Oilseeds Holdings (COOT) jumped 248% after hours to $3.36 following a Trump Truth Social post claiming the U.S. would begin producing its own cooking oil.
The announcement fueled speculation about potential shifts in global agricultural supply chains and U.S. trade policy, amid rising tensions with China.
While no official policy changes were confirmed, the surge reflects investor anticipation of domestic manufacturing incentives and food security measures.
Related agricultural tech stocks also saw activity, highlighting how political statements can drive market volatility, especially in niche sectors.
Las acciones de las semillas oleaginosas australianas subieron un 248% después de que un post de Trump afirmara falsamente que Estados Unidos produciría su propio aceite de cocina.