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EU rapeseed imports for the season to November 17 rose 38% to 2.612 million tons, mostly from Ukraine and Australia, with only 107,000 tons from Canada. Paris rapeseed futures fell 14.4% in November, while Winnipeg canola fell 7.8% over the month.
Cheaper Ukrainian and Australian supplies and a record Australian canola crop are pressuring prices, while lower crude and Chinese lockdowns weaken biodiesel and oilseed demand.
ukragroconsult.comNov 26, 2022Not enough comparable past events yet for a historical read.
After 56 past bearish trade events, BRENT moved a median -5.6% over 5 sessions (20% higher; middle half -9.0% to -1.7%), and -4.5% 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.
