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EU rapeseed production is forecast at a 13-year low after drought during sowing, with imports expected to rise. Ukraine's exports are nearly complete, leaving the EU without a clear source for at least 2.4 million tons, and Euronext rapeseed prices rose only about 5% over the period.
Tight EU supply and reliance on Canadian or Australian seed support oilseed meal prices, though the modest Euronext rally suggests the market has priced in part of the deficit.
graintrade.com.uaNov 25, 2019Not 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.
