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UK oilseed rape prices rose over the past week on higher crude and early French harvest reports of yields of 2.5-3 t/ha. Ukraine's harvest started early with yields about 5% lower over a larger area, and US-China trade tensions have made oilseed markets volatile.
Early harvest yields and a larger Ukrainian crop add supply pressure, while higher crude and trade tensions support prices near the £300/t selling trigger.
fwi.co.ukSuzie HorneJun 28, 2018Not enough comparable past events yet for a historical read.
After 696 past bullish trade events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.3% to +1.9%), and +0.7% over 20.
After 16 past bullish trade events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (81% higher; middle half +0.5% to +4.8%), and +5.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
