Loading…
The EU has exempted eight Argentine biodiesel producers from anti-subsidy duties, following an agreement reached the previous month to end the dispute. Argentina is the world's top soyoil producer, and soyoil is the main feedstock for its biodiesel.
Exempted producers can ship biodiesel into the EU without duties, adding supply that competes with European biofuel output. This is mildly bearish for soybean oil demand and prices.
reuters.comFeb 12, 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.
