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European oilseed prices consolidated in early March 2024 as pressure from large South American soybean supplies spread to the region. Brazilian soybean prices into Europe fell to trade close to rapeseed prices within two months.
Rapeseed also softened as Chicago soybean futures declined on lower US soybean demand.
Large South American soybean exports are pulling down global oilseed and meal values, which lowers the cost of imported protein for European feed buyers. Price recovery depends on South American export pace and demand.
ahdb.org.ukMar 1, 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.
