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UFOP reports that lower rapeseed harvest estimates in key producing countries and expected Chinese demand are pushing European rapeseed asking prices higher. Analysts expect China may turn to rapeseed meal to replace U.S. soybean supplies hit by tariffs.
Tighter EU and Canadian rapeseed supply and possible Chinese switching to rapeseed meal support rapeseed meal prices and reduce competitive pressure on soybean meal demand.
biofuelsdigest.comJul 8, 2018Not enough comparable past events yet for a historical read.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), 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.
