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May European rapeseed rose EUR 4.25 to EUR 368 per tonne on April 6, its third straight higher close. The contract has gained 11.3% since its March 16 low.
The old-crop/new-crop spread is nearing an inverse, which signals front-end demand.
Technical strength and a tightening spread support European rapeseed and the canola complex, though reduced biodiesel demand from COVID limits the rally.
dtnpf.comCliff JamiesonApr 6, 2020Not 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.
