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Paris rapeseed futures fell 2% to €464.75/t after forecasts of a 30% rise in Ukrainian winter rapeseed area. Statistics Canada cut its 2023/24 canola production forecast by 6.1% to 17.6 million tonnes, and November canola futures rose 0.1% to CAD 812.6/t.
Ukraine's larger crop and export availability are weighing on EU rapeseed, while Canada's smaller crop offers only limited support because canola is uncompetitive in the EU, so the net price impact is mixed.
ukragroconsult.comAug 30, 2023Not enough comparable past events yet for a historical read.
After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% 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.
