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Rabobank estimates that a pending US decision on tariffs for $1.5bn of Argentine and Indonesian biodiesel imports could lift soyoil prices by up to 20%. The bank says palm oil and soymeal values could be hit.
Higher soyoil values would raise biofuel feedstock costs, while weaker palm oil and soymeal prices would ease input costs for feed buyers.
zmp.deMay 5, 2017After 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 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 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.
