ASX:COOT TRIPLES AS TRADE WAR TALK IGNITES AGRI STOCK RALLY
Australian Oilseeds electrified markets on Oct. 14–15. After markets closed Oct. 14, President Trump posted that the U.S. might “terminate … business with China having to do with cooking oil” as retaliation for China’s soybean boycott. This tweet sent global agri stocks soaring. COOT led the rally, jumping +248.2% after-hours on Oct. 14benzinga.com. In regular hours that day it had already gained +46.21%benzinga.com. By Wednesday pre-market COOT was trading around $3.96stockanalysis.com. Such moves made COOT one of the top U.S. gainers. Benzinga reports that COOT’s surge coincided with a broad “oilseeds and agricultural biotech” rallybenzinga.com. For example, Origin Agritech jumped +92.3% and Arcadia Biosciences +53.3% after-hoursbenzinga.com. A StockTwits trend piece noted COOT “skyrocketed 229%” in early premarket trade on Oct 15 following Trump’s comments. Traders say the underlying idea was that cutting Chinese cooking oil imports could boost alternative suppliers.
