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Rapeseed fell 12.6% in Paris and canola fell 14.5% in Winnipeg in November, underperforming other oilseeds. Brent crude dropped 9.4%, weighing on biodiesel demand, while soyoil fell 3.6% and palm oil rose 3.0% in euro terms.
Weaker crude reduces biodiesel margins for rapeseed, but EU imports running 43% above last year and steady vegoil demand suggest the sell-off may be overdone. Canada's slow export pace is the main weak link.
grainpricenews.comMike VerdinNov 25, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
