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Greenea's weekly biodiesel overview reports Donald Trump's nomination of Scott Pruitt as EPA administrator, with soybean oil falling about 3 percent on CBOT. It also notes the EU cutting the first-generation biofuel share and ECB policy leaving the euro weaker.
Uncertainty over US biofuel policy under the incoming administration weighs on soybean oil and feedstock prices, while the EU biofuel cut reduces European vegetable oil demand.
greenea.comDec 9, 2016After 351 past bearish policy events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), and -0.2% over 20.
After 400 past bearish policy events, PALMOIL moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 12 past policy events, EURUSD moved a median +0.3% over 5 sessions (75% higher; middle half -0.1% to +1.0%), and +0.7% 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.
