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The US Department of Commerce agreed to reduce countervailing duties on Argentine biodiesel after Argentina cut its soybean export taxes. Anti-dumping duties were left unchanged, and US soybean groups criticized the decision.
Lower duties could allow more Argentine biodiesel into the US, competing with domestic soybean oil demand and weighing on soyoil prices.
agri-pulse.comBill TomsonJul 10, 2019After 152 past bearish trade events, SBO moved a median -0.2% over 5 sessions (47% higher; middle half -2.1% to +2.1%), and -0.1% 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.
