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A UK trader advises marketing oilseed rape before year-end as ex-farm prices rose over £40/t in nine weeks to £322.77/t. UK yields are estimated down about 10% on 2017 at 1.85-2 million tonnes, and rapeseed planted area rose for the first time in six years.
Lower UK supply and strong European biodiesel demand for oil support rapeseed meal prices, though a large South American soy harvest could undercut meal next year.
fwi.co.ukAndrew MeredithAug 17, 2018Not 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.
