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August rapeseed futures in Paris fell 4.5% to €472.5/t over three sessions, while November contracts dropped only 1.6%. Ukrainian rapeseed purchase prices fell 500-700 UAH/t, and traders have contracted over 1 million tonnes of new-crop rapeseed.
The decline reflects harvest-driven supply increases in Europe and Ukraine, which weighs on rapeseed meal and oilseed values for feed use.
commodity-board.comElizabeth GilbertJul 29, 2024Not 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.
