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President Jair Bolsonaro's government, through a National Energy Policy Council resolution on November 18, authorized imported raw materials for biodiesel production. The ANP may now permit imported feedstock in public auctions, and UBRABIO says the sector needs imported oil for the December bid.
Brazil's soyoil shortage, with 70% of biodiesel feedstock from soy oil, could be eased by imports of around 104,200 tons year to date, which would lower domestic soyoil prices until the harvest begins.
datamarnews.comRuth HollardNov 20, 2020After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 554 past neutral policy events, SOY moved a median +0.0% over 5 sessions (51% higher; middle half -1.4% to +1.6%), and +0.6% 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.
