Canadian canola benefiting from US duties on Argentine and Indonesian biodiesel

In Canada, the Manitoba Cooperators reports that with the US all but shutting its doors to biodiesel imports from Argentina and Indonesia, demand for Canadian canola is increasing so much that prices for ICE Canada canola futures rose to a two-month high on the back of stronger soy oil prices. Thanks to higher prices, crush margins for canola also rose this week by C$10 to C$84 above the January futures contract. The US’s International Trade Commission determined on December 21 that Argentine and Indonesian biodiesel imports had “materially damaged” the US biodiesel industry.

http://kticradio.com/agricultural/itc-files-final-determinations-on-argentine-indonesia-biodiesel/

https://www.manitobacooperator.ca/markets/futures/grain-markets/u-s-biofuel-trade-fight-benefits-canola-futures/