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The U.S. Department of Commerce opened antidumping and countervailing duty investigations into biodiesel imports from Argentina and Indonesia after a petition from U.S. biodiesel producers. Preliminary dumping margins were estimated at about 27% for Argentina and 28% for Indonesia for 2014-2016.
Duties on subsidized imports would favor domestic biodiesel demand for soybean oil and could cut Indonesian biodiesel flows, which are palm-based. The outcome could shift vegetable oil trade flows.
dtnpf.comApr 17, 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.
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.
