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UFOP reports that decentralized German oil mills are supplying regional markets with rapeseed cake, a GVO-free protein feed higher in fat than rapeseed meal. Rapeseed meal fell to new lows as demand stayed slack, while soybean meal stayed relatively expensive and recently surged on firm forward prices and a weak euro.
Cheaper rapeseed meal protein, about 30% below 45% soybean meal protein on a two-year average, offers ruminant feed buyers a substitution opportunity that supports rapeseed meal demand and caps soybean meal prices.
biofuelsdigest.comJim LaneDec 4, 2016Not 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.
