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A west German biodiesel producer has cut production indefinitely to half of capacity. The company cites cheap biodiesel imports from Argentina and Indonesia.
Cheap imports weigh on European biodiesel margins and reduce domestic rapeseed oil demand for biofuel use, which is bearish for vegetable oil feedstock. The effect is regional and limited in scale.
zmp.deApr 10, 2018After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
After 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.
