Indonesia launched biodiesel containing 30% palm-based fuel. This is the highest mandatory mix in the world. This policy is in an effort to slash its fuel import bill and boost domestic palm oil consumption.
Indonesia is the first country to implement B30 in the world. Its use will be mandatory Jan. 1st. Also, funds shortcovering into year end could provide additional grain boost. Canola should benefit from palm oil gains heading into January.
The Fed's manipulated stock market continues on its artificial rush to daily record highs creating a commodity inflationary push heading into early new year (IMO). But stock market gains are generated by forced liquidity masking a far larger underlying fundamental problem with financial markets that will rear-its-head once the 'Fed manip game' runs-its-course. But for now, equities party on . . . .
Indonesia is the first country to implement B30 in the world. Its use will be mandatory Jan. 1st. Also, funds shortcovering into year end could provide additional grain boost. Canola should benefit from palm oil gains heading into January.
The Fed's manipulated stock market continues on its artificial rush to daily record highs creating a commodity inflationary push heading into early new year (IMO). But stock market gains are generated by forced liquidity masking a far larger underlying fundamental problem with financial markets that will rear-its-head once the 'Fed manip game' runs-its-course. But for now, equities party on . . . .
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