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Argentine soybean-based biodiesel is entering the EU at prices well below rapeseed oil, the main feedstock for European producers. Some EU producers say they cannot compete and face bankruptcy risk.
Cheap imports displace EU demand for domestic rapeseed oil and biodiesel feedstock, which weighs on vegetable oil prices and may shift crush margins. Soybean oil exports from Argentina could gain share in the EU market.
reuters.comSybille De La HamaideMar 7, 2018After 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.
