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Rapeseed fell on Euronext/Matif, with the May 24 contract closing down 5.75 euros at 422.50 euros/t after weak ICE and soy complex guidance. Winnipeg March canola closed down C$9.20 at C$601.20/t.
Farmers are offering stocks more readily out of fear of further price falls.
Farmer selling and weak lead markets pressure canola and rapeseed prices, and softer crude oil adds to the downside. Lower oilseed values can ease input costs for feed mills using canola meal.
zmp.deFeb 2, 2024Not 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.
