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Oil World forecasts major canola and rapeseed exporters will ship 17.35 million tonnes in 2018/19, up 7%, as China boosts rapeseed purchases to offset lower soybean imports. World rapeseed and canola production is forecast to fall to 65.17 million tonnes, and EU rapeseed output is seen at a seven-year low of 19.5 million tonnes.
Rising Chinese rapeseed demand and tighter world and EU rapeseed supply support canola meal and oil prices, while lower world stocks reinforce firm pricing.
graintrade.com.uaAug 21, 2018Not enough comparable past events yet for a historical read.
After 296 past bullish report events, SBO moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
After 788 past bearish report events, SOY moved a median -0.3% over 5 sessions (47% higher; middle half -2.0% to +1.5%), and -0.9% 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.
