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The American Soybean Association said it is disappointed by the Commerce Department's preliminary decision to significantly reduce countervailing duties on Argentine biodiesel. Antidumping rates would stay the same under the decision announced July 2.
Reduced duties on subsidized biodiesel imports could displace domestic biodiesel and reduce soybean oil demand in the US.
soygrowers.comJul 3, 2019After 152 past bearish trade events, Soybean Oil 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.
