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The EU 2024/25 rapeseed production forecast was cut to 18.6 million tonnes from 19.5 million due to sowing delays and poor weather. China's rapeseed oil reserves surged after heavy Canadian canola imports in October and November, pushing down domestic oil prices.
A smaller EU crop supports rapeseed meal and oil prices, while the Chinese glut weighs on vegetable oil demand and prices in the near term.
tridge.comNur HameedDec 8, 2023Not enough comparable past events yet for a historical read.
After 49 past bearish weather events, Soybean Oil moved a median -0.5% over 5 sessions (43% higher; middle half -3.2% to +1.0%), and -0.3% over 20.
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.
