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The US Commerce Department issued a final affirmative antidumping decision against biodiesel imports from Argentina and Indonesia, with cash deposit rates of 60.44 to 86.41 percent for Argentina and 92.52 to 276.65 percent for Indonesia. The International Trade Commission will hold its final injury vote in March or April.
Higher duties on imported biodiesel favor domestic biodiesel output, supporting soybean oil demand, though the ITC injury vote still determines whether the duties become final orders.
soygrowers.comFeb 22, 2018After 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.
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.
