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Brazil's government reconsidered its cut in the biodiesel blend and indicated it will raise the vegetable oil blend from 10% to 12% for September and October. Industry groups are pushing for a return to 13% and later higher blends.
A higher Brazilian biodiesel blend increases domestic soyoil demand, supporting soyoil prices and reducing exportable supply from Brazil.
biofuels-news.comBiofuels Int @biofuelsmagJul 20, 2021After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
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.
