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Canola and rapeseed prices fell in October on raised crop forecasts. Stratégie Grains lifted its EU rapeseed estimate to 19.7 million t, and MarketsFarm put Canada's canola crop at 18 million t, above official data.
Larger EU and Canadian crops add supply and weigh on canola and rapeseed prices, while expected processing growth could reduce exports and limit the downside.
ukragroconsult.comOct 31, 2023Not enough comparable past events yet for a historical read.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), and +0.5% 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.
