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The U.S. is set to raise tariffs on Argentine biodiesel, with the practical effect expected in August after a WTO dumping case is resolved. The dispute centers on Argentina's export subsidies, which favor biodiesel over soy oil, and the case is expected to be decided in January.
Losing the U.S. biodiesel outlet redirects Argentine soy oil toward other markets and has only a small direct impact on U.S. soy oil prices, since the affected trade is about $1 million.
farmprogress.comJames ThompsonJul 6, 2017After 81 past neutral trade events, SBO moved a median +0.3% over 5 sessions (56% higher; middle half -1.6% to +1.8%), and +0.9% over 20.
After 67 past neutral trade events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
