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Oil World projects global biodiesel production to rise about 2.17% in 2018 to 37.52 million tonnes. Increases are expected in the US, Indonesia, and the EU, and Argentina's output is forecast to fall.
The article links the rise to firmer demand for oilseeds and vegetable oils.
Higher biodiesel output increases demand for soybean oil and palm oil, which supports oilseed prices. Argentine output cuts and trade disputes add uncertainty to supply.
graintrade.com.uaMar 28, 2018After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), 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.
