# Soy oil futures strengthen on ITC biodiesel dumping stance and could go higher  : The Daily Digest

> The US International Trade Commission determined that biodiesel from Argentina and Indonesia may be dumped on the US market, and soy oil futures strengthened in response. Rabobank expects a tariff similar to the EU's 2013 duties, potentially covering more than 4 billion pounds of soyoil.

- Date: 2017-05-10 · published 2017-05-10T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/71090-soy-oil-futures-strengthen-on-itc-biodiesel-dumping-stance-and-could-go-higher
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A likely tariff on competing biodiesel imports would support US soyoil demand and prices, and could further tighten vegetable oil supplies available to feed and industrial buyers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2017-12-28 | [Canadian canola benefiting from US duties on Argentine and Indonesian biodiesel  : The Daily Digest](https://feedsoft.ai/events/67573-canadian-canola-benefiting-from-us-duties-on-argentine-and-indonesian-biodiesel.md) | +2.0% | -0.8% |
| 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 | 2019-03-05 | [Brazilian 2018/19 soy exports seen falling as much as 18% in part due to increased biodiesel demand  : The Daily Digest](https://feedsoft.ai/events/60182-brazilian-2018-19-soy-exports-seen-falling-as-much-as-18-in-part-due-to.md) | -1.3% | -4.1% |
| SBO | 2018-10-08 | [Chinese demand for Brazilian soy leaves biodiesel producers without feedstock  : The Daily Digest](https://feedsoft.ai/events/62413-chinese-demand-for-brazilian-soy-leaves-biodiesel-producers-without-feedstock.md) | -0.1% | -3.0% |
| 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 | 2017-10-25 | [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) | +0.3% | +0.1% |
| PALMOIL | 2017-09-11 | [US biodiesel duties could hit grain market \| The Land \| NSW](https://feedsoft.ai/events/68828-us-biodiesel-duties-could-hit-grain-market-the-land-nsw.md) | +2.4% | -2.4% |
| PALMOIL | 2019-07-25 | [EU plans to impose import duties on Indonesia biodiesel \| The Star](https://feedsoft.ai/events/57980-eu-plans-to-impose-import-duties-on-indonesia-biodiesel-the-star.md) | +0.2% | +8.1% |

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/soy-oil-futures-strengthen-on-itc-biodiesel-dumping-stance-and-could-go-higher/

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