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European rapeseed fell 5.5% and Chicago canola fell 2.8% in the week, pressured by faster Canadian sowing and rising Australian supplies to the EU. Australian canola exports hit a March record, and EU imports of rapeseed and canola are down 24% year on year.
EU rapeseed harvest is forecast at 17.5-18 Mt.
Growing Australian and Canadian supplies and a larger EU crop point to easing canola and rapeseed prices, which lowers oilseed meal costs for feed buyers. Crude near $114 a barrel still supports the complex.
ukragroconsult.comMay 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.
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.
