The U.S. Commerce Department issued a preliminary antidumping determination on biodiesel from Argentina and Indonesia, with cash deposit rates of 50.71 to 70.05 percent. The duties follow an August preliminary countervailing determination on subsidies.
Higher duties on imported biodiesel support domestic biodiesel demand and soybean oil usage, which supports soyoil prices.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% 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.