Key Takeaways:
Indonesia will raise its biodiesel mandate from B40 to B50 on 1 July, increasing palm oil–based diesel blending to 50 percent. The policy supports domestic palm oil demand and reduces reliance on imported diesel. Indonesia’s biodiesel program has steadily expanded since 2008 as infrastructure and engine compatibility have improved. Higher domestic palm oil consumption will tighten global export availability and support vegetable oil markets. Reduced palm oil exports could narrow its discount to other oils, supporting soyoil, canola oil, and sunflower oil prices. Palm oil is typically the cheapest of the four major vegetable oils because it has the highest global production and is high in saturated fats. Price-sen...
What You Need to Know Today: Corn, wheat, and the soy complex all formed new contract or at least rally highs to close what has become one of the most uniformly bullish weeks in CBOT history. Escalations in the fighting between Russia and Ukraine and attacks on civilian merchant vessels show n...
The Federal Reserve Board holds an annual meeting in Jackson Hole, Wyoming, each year about this time, and this year’s meeting is now. It’s always a “must-watch” event, but this year, amidst persistent inflation and with a new Fed chairman, Kevin Warsh, it drew additiona...
