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The European rapeseed market was supported at harvest start by expectations of a smaller crop in major producing countries. US soybean output forecasts were cut because of reduced area and weather problems.
The USDA's Economic Research Service raised its 2019-20 world soybean export forecast to 151.3 million tonnes.
Reduced US soybean and rapeseed output tightens oilseed supplies, supporting soybean and meal prices. Higher South American export expectations partly offset the US cut.
world-grain.comChris LyddonAug 15, 2019Not 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.
