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Rapeseed on Euronext's MATIF rose to a multi-year high as soybean prices climbed. Ukraine's winter rapeseed area fell 30% to 875,000 hectares after drought, and EU and UK plantings also declined.
Ukrainian port canola prices were around $425-435/t.
Smaller Ukrainian and EU rapeseed crops reduce vegetable oilseed supply, supporting European meal and oil prices and increasing reliance on Canadian and other imports.
graintrade.com.uaNov 25, 2020Not 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.
