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Weekly soybean oil data show Argentine soyoil prices were mixed, with Brazilian prices slipping on weak biodiesel demand while US prices rose on biofuel demand and production growth. The report also notes a possible union strike at Argentine processors.
Stronger US biofuel-driven demand supports domestic soyoil prices, while weaker Brazilian biodiesel demand limits gains in South America.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.