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Ukraine's 2017 rapeseed crop rose 83% to 2.2 million tonnes, while soybean output fell 12% to 3.8 million tonnes and sunflower seed output fell nearly 15% to 11.6 million tonnes. USDA FAS says the VAT refund removal from March 2018 could shift exports toward processed oil and meal.
A bigger rapeseed crop adds canola meal supply, while lower soybean and sunflower output and the VAT change shift Ukrainian exports toward processed meal and oil.
world-grain.comSusan ReidyDec 29, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 747 past bullish report events, Soybeans moved a median +0.3% over 5 sessions (54% higher; middle half -1.4% to +2.1%), and +0.8% 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.
