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Oil World forecasts EU rapeseed area will fall 4.6 percent to 12.84 million acres in 2021-22. Ukrainian winter canola plantings were cut by at least 20 percent, the smallest crop in four years.
Analysts expect strong EU demand to keep Canada as a key supplier.
Smaller EU and Ukrainian rapeseed supplies increase reliance on Canadian canola, supporting Canadian export demand and prices. Tighter European oilseed supply supports global vegetable oil and meal values.
producer.comSean PrattMar 1, 2021Not 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.
