Rapeseed and canola prices fell as Canadian harvest conditions improved, Australia raised yield forecasts, and the EU expanded its crop outlook. Winnipeg November canola dropped 2.3% to CAD 809 per tonne, and Paris rapeseed fell 2.1% to 536.5 EUR per tonne.
Ukrainian rapeseed exports reached 341 thousand tons in September.
Heavier global oilseed supply and softer canola values reduce the cost of rapeseed meal for feed buyers. Oil price strength limits the downside, but supply pressure is likely to persist.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.