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The EU Commission forecasts the 2018 EU rapeseed harvest above 22.3 million tonnes, though frost damage in Poland and Germany remains unquantified. The EU sunflower harvest is estimated at 9.9 million tonnes, just below the five-year average.
EU soybean demand is put at about 16.5 million tonnes, with roughly 14 million imported.
A sizeable rapeseed crop and near-average sunflower output ease EU oilseed import needs, which is modestly bearish for imported meal demand.
zmp.deMar 28, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 399 past bearish report events, Soybean Meal moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.2%), and -1.0% 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.
