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Winnipeg rapeseed rose C$1.70 to C$459.50 while Paris rapeseed fell EUR 0.75 to EUR 400. Uncertainty over when China will meet its US soybean purchase commitments and renewed coronavirus infections in China weighed on markets, and USDA chief economist Robert Johansson tempered expectations of Chinese import increases.
Doubts about Chinese purchases of US soybeans limit demand support for soy complex products, while Coceral's estimate of a slightly larger EU rapeseed crop adds supply comfort for European rapeseed meal.
mundus-agri.euFeb 21, 2020After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
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.
