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Rapeseed prices are expected to stay elevated through December 2024, supported by reduced Ukrainian rapeseed exports and a smaller EU sunflower harvest that raised EU rapeseed import demand. Strategies Grains raised its EU rapeseed inclusion forecast and Ukraine's 2024/25 export projection was cut to about 3.30 million tonnes.
Tighter EU rapeseed supply raises demand for alternative oilseeds and vegetable oils, supporting rapeseed oil and meal prices that compete with soy products in feed and food markets.
chemanalyst.comLucy TerryDec 23, 2024Not enough comparable past events yet for a historical read.
After 110 past bullish geopolitics events, Soybean Oil moved a median +1.8% over 5 sessions (65% higher; middle half -0.7% to +3.6%), and -0.4% over 20.
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.
