
The US Department of Commerce preliminarily found countervailable subsidies for biodiesel producers and exporters from Indonesia, covering the 2016 investigation period. Interested parties may now comment on the preliminary determination.
Duties on Indonesian biodiesel could redirect biodiesel trade flows and affect palm oil demand for US-bound biofuel. The preliminary nature means final duty rates are still pending.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
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.
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.