Loading…
Brazil's B10 biodiesel blending mandate rises to 10% in March from 8%, and Brazil's soymeal exports are forecast to reach 16.2 million tonnes in 2018 from 15 million in 2017. Reduced Argentine supply from drought is cited as a factor.
About 40% of domestic crush now goes to biodiesel.
Higher Brazilian soymeal exports partly offset tighter Argentine supply, while greater biodiesel demand absorbs soybean oil and supports crush, which affects meal and oil availability for feed buyers.
biofuelsdigest.comMeghan SappFeb 26, 2018After 223 past bearish policy events, Soybean Meal moved a median -0.3% over 5 sessions (45% higher; middle half -2.2% to +1.2%), and -0.6% over 20.
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.
