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Australia's record canola crop and higher EU rapeseed production forecasts are pressuring global canola and rapeseed quotes. Paris February rapeseed futures fell 2.3% to USD 605.4/MT on January 9.
Expanding supply from Australia, Canada and the EU is bearish for canola and rapeseed meal prices, which weighs on oilseed meal values for feed buyers.
tridge.comNur HameedJan 17, 2023Not 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.
