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Bunge and GDM announced a joint venture, Enerseed, to develop new oilseeds for low-carbon fuel feedstocks. The companies did not disclose volumes or timelines in the available text.
The venture targets future oilseed supply for renewable fuels, which could eventually add to vegetable oil supply. Any effect on prices is long-term and minor for now.
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.