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Rapeseed prices on Euronext rose 3.6% in a week to a record 710.25 EUR/t, and canola futures in Winnipeg also climbed, despite a neutral USDA November report. The Australian Oilseed Federation raised its 2021/22 rapeseed crop forecast to a record 5.035 million tonnes.
Tight global rapeseed supply and strong biofuel demand keep oilseed prices firm, which supports soybean oil and meal costs for feed buyers. A larger Australian crop is a partial offset but has not reversed the upward trend.
ukragroconsult.comNov 15, 2021Not 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.
