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Soyoil, palm extend rally. Wheat joins in too
date:Dec 08, 2015
since June last year.
Blenders vs producers
Back to soyoil, and there is increasing focus on the legislative element behind the vegetable oils rally ie moves by the US to switch a biodiesel tax credit from blenders of the biofuel to producers of it.
The market is pricing in legislation that would restructure the biodiesel incentive, said Minneapolis-based Benson Quinn Commodities.
In the past, the tax credit went to the blender of diesel fuel and was largely seen as subsidy to import soy and pa

12/18 08:14