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The EU Commission forecasts the 2017 EU-28 oilseed harvest at about 34.2 million tonnes, 8.3% above 2016, with rapeseed up about 13% to 22.6 million tonnes. Copa-Cogeca's estimate is lower, at just under 31 million tonnes, and dry weather and pests remain risks.
A larger EU rapeseed and sunflower crop adds meal supply in Europe, which would weigh on rapeseed and sunflower meal prices, though the forecast disagreement adds uncertainty.
biofuelsdigest.comJim LaneApr 16, 2017Not enough comparable past events yet for a historical read.
Not 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.
