Editor's Note: Larry Benedict — the hedge fund legend who beat the S&P 500 by 18 times in 2025 and made his clients $95 million during the 2008 crisis — says Trump's installation of a new Federal Reserve chair is triggering the most significant shift in U.S. markets in nearly 20 years. He has already identified the one ticker he believes will be at the center of the money flows — and he's revealing it completely free. Click here to see the details or read more below…

Dear Reader,

Move your money as soon as possible.

That is the urgent message from Larry Benedict, the trader who generated $274 million in profits for his clients.

Click here to hear his warning

You see, every time the Federal Reserve makes a major move, certain assets move with it, and if you're positioned correctly, the returns can be extraordinary.

When the Fed cut rates in 2020, Larry's readers had the chance to make 62% from a single position.

When it signaled rate hikes in January 2022, they could have made 117% in under a month.

When Fed Chair Jerome Powell spoke at Jackson Hole, Larry had his readers positioned for an 89% gain in just 17 days.

Now, President Trump is installing a new Fed chair and Larry says it's triggering what could be the most significant shift in the U.S. financial system in nearly 20 years.

He has already identified the single ticker he says will be at the center of where the money flows.

Click here to discover the one move Larry is recommending now

Best wishes,

Lauren Wingfield
Managing Editor, The Opportunistic Trader

P.S. If you want to be positioned ahead of what Larry is calling the best setup he’s seen in 20 years, click here now.

Wednesday, September 2, 2026

One is a statute. The other is a drought building in the Pacific.

On July 1, Indonesia implemented its B50 biodiesel mandate. Half of that fuel is palm oil. The same crop three billion people cook with every day.

Two countries grow around 82 percent of the world's palm oil. Both now require by law that diesel fuel contain it. Indonesia mandates 50 percent. Malaysia mandates 15 percent. These are not proposals. They are statutes in force.

In the Pacific, the National Oceanic and Atmospheric Administration issued an El Niño advisory on August 13. NOAA puts the chance of a very strong event through winter 2026-27 above 90 percent. El Niño dries out Southeast Asia. Southeast Asia grows palm oil.

Two forces are squeezing supply of the same crop at the same time. One is law. The other is weather.

Palm oil sits in a supply vise. On one side, mandates redirect millions of tonnes from food markets into fuel tanks. On the other, a strengthening El Niño threatens the yields of the crop itself. The last time El Niño hit this hard, no biodiesel mandate was competing for the same supply.

Elon just created a device he believes will be "the biggest product ever."

He thinks it could 70x investors' money.

And he's about to make a major announcement…

By the end of this month.

Maybe even tomorrow on X.

He's going to make this game-changing device available to the public for the first time.

He has to sell 1 million to become a trillionaire.

Would you bet against him?

Click here to find out how you can claim a stake in this 70x AI agent

Indonesia's B50 means every liter of diesel sold must be half palm oil. The Indonesian Palm Oil Association projects biodiesel demand will reach 15 million tonnes in 2026. That is up two million tonnes from 2025. The association expects exports to fall by the same amount.

Malaysia's B15 started on June 1. The Ministry of Plantation and Commodities estimates it adds 330,000 tonnes of yearly domestic use. Every tonne burned as fuel is a tonne that does not reach a food market.

The Indonesian mandate has a built-in lock. Indonesia funds its biodiesel subsidy with an export levy on palm oil. In March, the government raised that levy to 12.5 percent. Collections through July rose 73 percent over the prior year. The mandate taxes the exports it shrinks. The more it diverts supply into fuel, the more revenue it earns to keep diverting. This loop feeds itself.

Observation: Indonesia's B50 and Malaysia's B15 are law. They redirect millions of tonnes of palm oil from exports into domestic fuel.
Interpretation: Exportable supply is shrinking by statute, not by market choice. The funding loop is self-reinforcing. The mandate generates the revenue that pays for the mandate.

NOAA measures El Niño strength with the Niño 3.4 index. It tracks ocean temperature in the central Pacific. The weekly reading hit +2.7°C on August 12. There is a 69 percent chance the seasonal average reaches +2.5°C or above. That would top every El Niño in NOAA's records back to 1950.

El Niño brings drought to Southeast Asia. Drought stresses oil palm trees. But the production drop does not show right away. SD Guthrie is one of the region's largest plantation firms. It notes a 12 to 16 month lag between drought and yield loss. The stress happening now hits production in 2027.

The Indonesian Palm Oil Association warns a strong event could cut output by three million tonnes in 2027. That is roughly five percent of total production.

The last very strong El Niño struck in 2015-16. This is the closest parallel. Malaysian palm oil yields fell 14.5 to 16 percent. But in 2015, Indonesia's mandate was B15, not B50. No law required three times as much palm oil to flow into fuel tanks. Weather squeezed supply while policy diverted far less of it. Both jaws tightening at once, at this scale, is structurally new.

Observation: The Niño 3.4 index reached +2.7°C in mid-August. The last El Niño of this strength cut Malaysian yields 14.5 to 16 percent.
Interpretation: The weather jaw is building now. Unlike 2015, a B50 mandate is already diverting supply. Both forces compound each other through different mechanisms.

The system is already registering pressure.

The Food and Agriculture Organization's vegetable oil price index rose to 195.7 in July 2026. That is its highest level since June 2022. The FAO pointed to firm demand from Indonesia's biodiesel sector as a key driver.

Wilmar is the world's largest palm oil trader. Palm oil is pressed from palm fruit. Wilmar's palm fruit output fell six percent in the first half of 2026. Palm oil fills about 40 percent of global vegetable oil demand. When its supply tightens, the pressure spreads across cooking oils worldwide. And the weather jaw has not arrived in the harvest data yet.

Observation: The FAO vegetable oil price index hit a four-year high in July. Indonesian biodiesel demand was a key driver.
Interpretation: The policy jaw is already visible in price. The weather jaw has not yet reached the production numbers.

Palm oil is not a niche commodity. Three billion people use it daily. It fills 40 percent of global vegetable oil demand. The same crop now flows into fuel tanks by law.

Two signals are worth tracking. On the weather side, watch NOAA's Niño 3.4 readings. If they hold above +2.5°C through fall, the 2027 yield hit grows more certain and more severe. On the policy side, watch Indonesia's monthly export figures. The palm oil association already projects exports falling two million tonnes. If they fall faster, the vise is tightening ahead of schedule.

The timing is the mechanism that matters most. The policy jaw is already in force. The weather jaw is building now but will not show in harvest data until 2027. By the time the production drop appears in the numbers, the drought that caused it will be months old.

Two forces squeeze the same crop that fills both fuel tanks and frying pans. One is law, already in force. One is weather, with its yield impact still 12 to 16 months away.

Until next time,
The Navigator