
Brazil raised its nationwide biodiesel blend to 10% after the target date was moved up a year. A Brazilian biodiesel producer estimates demand could rise by as much as 344 million gallons this year.
The article also says Brazil's Paris Agreement commitments could limit its ability to export whole soybeans to China.
Higher Brazilian biodiesel blending pulls soybean oil demand domestically and reduces crush-based oil availability for export. Any limit on Brazilian whole-bean exports to China would tighten global soybean supply and support prices.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 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.
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.