Loading…
Canola production forecasts were cut 24.3 percent to 14.7 million tons, the lowest since 2012, while USDA estimated 16 million tons. Heavy rain in the Prairies delayed harvest, and European processors bought local and Ukrainian rapeseed, lifting purchase prices.
Lower Canadian exports to the EU and rising European rapeseed demand tighten global rapeseed and meal supply, supporting feed protein costs.
graintrade.com.uaAug 31, 2021Not enough comparable past events yet for a historical read.
After 184 past bullish weather events, Soybean Oil moved a median +0.3% over 5 sessions (53% higher; middle half -1.9% to +2.4%), and -0.5% 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.
