Loading…
US imports of biomass-based diesel fell to 22,000 barrels per day in 2018, down 42% from 2017 and 64% below the 2016 peak. The decline is attributed mainly to US Commerce import duties on Argentine and Indonesian biodiesel.
Lower imports shift more biodiesel demand onto domestic production and feedstocks such as soybean oil. The effect on grain and oilseed prices is modest because the data describes past trade.
fuelsmarketnews.comKeith ReidMay 1, 2019After 686 past report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.0% over 20.
After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), 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.
