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USDA's October report cut global rapeseed production by 1 million tonnes to 68.57 million, with EU and Canadian output reduced. Paris rapeseed futures hit a season high on 8 October before falling on euro strength and weaker rapeseed oil prices.
Lower global production and tighter stocks support rapeseed prices, though weak demand from China has limited gains.
graintrade.com.uaOct 21, 2019Not enough comparable past events yet for a historical read.
After 114 past neutral report events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.7% to +1.4%), 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.
