According to an Indonesian government official, the French Senate passed biodiversity legislation on 21 January that would impose a very high progressive tax on palm oil. As expected, the government of Indonesia and that country’s palm oil industry have reacted strongly against the proposal. December 2015 U.S. Soybean Crush USDA reported yesterday that U.S. firms crushed 167 million bushels (4.545 MMT) of soybeans in December 2015, an increase over the 165.8 million bushels (4.513 MMT) in November. (It should be noted that a comparison with the December 2014 crush volume is not possible as USDA was not publishing the soybean crush report a year ago.)The agency indicated that soyoil stocks at the end of December totaled 1.577 billion pound...