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UK feed wheat and Paris rapeseed futures firmed in late September, with rapeseed following soybeans higher on slower US harvest progress. Chicago soybeans rose 2.6% in the week to September 16 after a downward revision to global production in the USDA report.
The commentary also notes the rapeseed premium over soybeans narrowing.
A slower US soybean harvest and tighter global ending stocks support oilseed prices, which flows through to European rapeseed. The narrowing rapeseed premium reflects Canadian harvest pressure offsetting the supply tightness.
ahdb.org.ukSep 21, 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.
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.
