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Oil World raised its forecast for EU 2017/18 rapeseed production to 22 million tonnes and cut expected EU imports to about 4 million tonnes, which would lift carryover stocks to a five-season high of about 2 million tonnes. Ukrainian rapeseed output could reach 2 to 2.2 million tonnes, and Ukrainian August delivery prices are quoted around $415 to $420 per tonne.
Higher EU supply and lower import demand weigh on global rapeseed and canola meal prices, reducing competition for feed protein sourcing.
graintrade.com.uaFeb 20, 2018Not 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.
