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European biodiesel prices rose in the Netherlands as poor rains across Europe's rapeseed areas pointed to a smaller crop and lifted rapeseed oil prices. Crude palm oil and soyoil prices also rose in line with rapeseed, while crush margins eased after recent tightness.
A smaller expected European rapeseed crop tightens vegetable oil supplies, supporting prices for competing oils such as palm and soy. Current nearby supply in the ARA region limits the upside for biodiesel.
biofuelsdigest.comMeghan SappJul 11, 2017After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% over 20.
After 181 past bullish weather events, Palm Oil moved a median +0.5% over 5 sessions (56% higher; middle half -0.9% to +1.9%), and +0.3% 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.
