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Canola markets rebounded over the past two weeks, according to the Northern Canola Growers Association, with some early planting in the region. Attention is on US Commerce Department hearings starting May 8 on anti-dumping complaints against Argentine and Indonesian biodiesel imports, which could boost domestic vegetable oil use for biofuel.
A favorable anti-dumping ruling could restrict biodiesel imports and lift domestic soybean and canola oil demand, supporting oilseed meal and oil prices.
ravallirepublic.comDALE HILDEBRANT Farm, Ranch GuideMay 1, 2017After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
