
The US Court of International Trade ruled that the Commerce Department must revisit and possibly lower countervailing duties on Indonesian biodiesel imports. Current rates reach 64.73% for PT Musim Mas.
The court questioned whether Indonesia's export tax system justifies the duties.
Lower US duties could make Indonesian biodiesel more competitive in the US market, modestly affecting palm-based biofuel trade flows.
After 67 past neutral trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% over 20.
After 81 past neutral trade events, Soybean Oil moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% 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.