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European rapeseed futures rose above €460/t, reaching their 200-day moving average for November 2024, according to CRM Agri. The recovery is attributed to a rally in vegetable oils and a rebound in Winnipeg canola futures, which rose over 7% from a three-year low.
Stronger vegetable oil and canola prices support rapeseed, and tightening palm and sunflower supplies point to shrinking global vegoil stocks in 2024/25, which lifts competing oilseed values for feed buyers.
foodnavigator.comJane ByrneAug 30, 2024Not enough comparable past events yet for a historical read.
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.
