# Canadian canola benefiting from US duties on Argentine and Indonesian biodiesel  : The Daily Digest

> The US International Trade Commission determined on 21 December that Argentine and Indonesian biodiesel imports had materially damaged the US biodiesel industry, effectively shutting those imports out. Canadian canola futures rose to a two-month high as demand for Canadian canola increased, and crush margins widened.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/67573-canadian-canola-benefiting-from-us-duties-on-argentine-and-indonesian-biodiesel
- Commodities: [Canola Meal](https://feedsoft.ai/c/CANMEAL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Duties on Argentine and Indonesian biodiesel shift demand toward Canadian canola and soybean oil, supporting canola prices and crush margins. Higher canola crush also increases canola meal supply, which weighs on meal prices.

## Read by commodity

- SBO: bullish ▲
- CANMEAL: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-08-24 | [Markets respond to US duties on Argentine and Indonesian biodiesel - Biofuels International Magazine](https://feedsoft.ai/events/69541-markets-respond-to-us-duties-on-argentine-and-indonesian-biodiesel-biofuels.md) | -1.1% | -1.8% |
| SBO | 2017-10-25 | [Indonesia to Challenge U.S Antidumping Duty on Biodiesel - The Insiders Stories](https://feedsoft.ai/events/68339-indonesia-to-challenge-u-s-antidumping-duty-on-biodiesel-the-insiders-stories.md) | +1.2% | -0.5% |
| SBO | 2017-05-10 | [Soy oil futures strengthen on ITC biodiesel dumping stance and could go higher  : The Daily Digest](https://feedsoft.ai/events/71090-soy-oil-futures-strengthen-on-itc-biodiesel-dumping-stance-and-could-go-higher.md) | +1.1% | -4.0% |
| SBO | 2018-01-29 | [WTO Rules in Favor of Indonesia on EU's Biodiesel Anti-Dumping Duties \| Indonesia Investments](https://feedsoft.ai/events/66874-wto-rules-in-favor-of-indonesia-on-eu-s-biodiesel-anti-dumping-duties-indonesia.md) | -0.9% | -0.5% |
| SBO | 2017-08-28 | [Chinese open up again for Argentine soy oil just in the nick of time  : The Daily Digest](https://feedsoft.ai/events/69543-chinese-open-up-again-for-argentine-soy-oil-just-in-the-nick-of-time-the-daily.md) | +2.0% | -2.4% |
| PALMOIL | 2017-08-24 | [Markets respond to US duties on Argentine and Indonesian biodiesel - Biofuels International Magazine](https://feedsoft.ai/events/69541-markets-respond-to-us-duties-on-argentine-and-indonesian-biodiesel-biofuels.md) | +0.1% | +6.0% |
| PALMOIL | 2018-01-29 | [WTO Rules in Favor of Indonesia on EU's Biodiesel Anti-Dumping Duties \| Indonesia Investments](https://feedsoft.ai/events/66874-wto-rules-in-favor-of-indonesia-on-eu-s-biodiesel-anti-dumping-duties-indonesia.md) | -0.8% | +0.2% |
| PALMOIL | 2023-11-01 | [WTO agrees dispute panel to review EU import duties on Indonesian biodiesel](https://feedsoft.ai/events/15688-wto-agrees-dispute-panel-to-review-eu-import-duties-on-indonesian-biodiesel.md) | +2.7% | +5.7% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/canadian-canola-benefiting-from-us-duties-on-argentine-and-indonesian-biodiesel/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.