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Rapeseed and wheat prices in Europe fell to their lowest since mid-September, driven by lower vegetable oil prices. Soybean oil on CBOT dropped from 1522 to 1361 euros per tonne in a week, and the Matif rapeseed market may test 571.50 euros per tonne.
Soybean and corn markets are under pressure from a large expected Brazilian soybean harvest and weaker US corn exports.
A large Brazilian soybean crop and softer vegetable oil prices push down protein and oil meal values for feed buyers. Weaker European and US grain prices lower feed grain costs, while the weather in South America remains a key risk.
tridge.comVictor LangatDec 6, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Reports a sharp weekly drop in CBOT soybean oil and weaker vegetable oil prices, with a large expected Brazilian crop adding pressure; it was published a day after the move, so it is more confirming than causal.
