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European rapeseed futures for August delivery rose to their highest since February, with biodiesel demand heating up and RME premiums widening. Farmers are holding seed stock, and rapeseed meal prices are under pressure from soybean meal overstocks.
Strong biodiesel demand supports rapeseed and vegetable oil prices, while weak rapeseed meal values reflect ample soymeal supply, so meal remains a cheap feed alternative.
tridge.comCaio AlvesJun 24, 2020Not 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.
