Rapeseed and canola quotes fell after improved Canadian harvest weather, higher Australian crop forecasts and a larger EU crop outlook. Winnipeg November canola declined 2.3% to CAD 809 per tonne, pressured also by a 2.4% drop in Chicago soybeans.
Brent near $105 supported prices, while easing US-Iran tensions raised the risk of an oil correction.
Expanding global rapeseed supply points to lower canola meal values for feed users. Oil-driven support may fade if Gulf flows normalize.
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.