Market Activity

Trading today was fairly quiet with many continuing to track the progress of Hurricane Irma. The cut in EU tariffs on Argentine biodiesel was also a hot topic of discussion today. Tariffs were cut down to as little as a third of previous penalties, topping out at 8.1%. There was plenty of speculation of what this means for Argentine material and the expectation is for EU to be a much more favorable destination for Argentine material than the US is/will be. The CME…