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EU rapeseed prices reached US$568 per tonne on average in early November, the highest monthly level since February 2023, while imported US soybeans in Rotterdam were about US$439. OIL WORLD cut 2024/25 world rapeseed production to 75.4 million tonnes, 4.4 million lower year on year.
A tighter world rapeseed balance and a widening premium over soybeans point to higher rapeseed and meal prices, and the report signals that further increases are needed to ration demand.
rapool.comNov 27, 2024Not enough comparable past events yet for a historical read.
After 563 past neutral report events, Soybeans moved a median -0.1% over 5 sessions (48% higher; middle half -1.7% to +1.6%), and -0.1% over 20.
After 250 past neutral report events, Soybean Meal moved a median -0.1% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.4% 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.
