Loading…
Paris February canola futures fell 2.8% in the week to 414.25 euros/t, and Winnipeg March canola fell 1.8% to C$598/t. Ukrainian Black Sea rapeseed remained high at $370-380/t as traders bought amid tight supply.
Strategie Grains projects EU 2024/25 rapeseed output down 1.4 million tonnes to 18.4 million.
Weak European and Canadian futures pressure canola meal values, while a smaller EU crop outlook offers some support later. Buyers face mixed signals between near-term weakness and expected supply tightening.
ukragroconsult.comFeb 6, 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.
