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Ubrabio, a Brazilian biodiesel producers' association, proposed that the government retain 10% of soybean export earnings to be distributed to domestic crushers in proportion to soymeal sales. The proposal aims to offset distortions from the US-China trade dispute, which has boosted Brazilian soybean exports and domestic bean prices.
If adopted, the scheme would support Brazilian crushing and soymeal exports, but a policy export levy would also tighten Brazilian bean supply and raise domestic soy and meal costs.
ubrabio.com.brComunicação UbrabioNov 9, 2018After 356 past bullish policy events, Soybeans moved a median +0.1% over 5 sessions (53% higher; middle half -1.2% to +2.3%), and -0.9% over 20.
After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% 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.
