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The EU Commission left its 2017 rapeseed harvest estimate unchanged at 21.6 million tonnes, below the midfield of earlier years despite larger area. Yields are expected to be below average in France, Belgium and Italy, and EU imports of about 3.5 million tonnes are needed.
A tight EU rapeseed supply and rising import needs support European rapeseed and meal prices, and the strong euro of 1.17 USD per EUR raises import costs.
zmp.deJul 31, 2017Not enough comparable past events yet for a historical read.
After 20 past bullish report events, Euro (USD per EUR) moved a median +0.7% over 5 sessions (70% higher; middle half -0.0% to +1.6%), and +1.1% 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.
