Between October 28 and November 4, European rapeseed futures fell €25/t to €528/t, alongside declines in Canadian canola, U.S. soybeans and Malaysian palm oil. The article attributes the broader oilseed selloff partly to falling oil prices, while a stronger euro further pressured European rapeseed prices.
Lower crude prices can weaken demand expectations for biofuel feedstocks, while the stronger euro makes imported oilseeds more competitive in Europe. Both factors add downward pressure to European rapeseed prices.
After 273 past bearish macro events, Soybeans moved a median -0.4% over 5 sessions (44% higher; middle half -2.4% to +1.4%), and -0.5% over 20.
After 51 past bearish macro events, Palm Oil moved a median -1.3% over 5 sessions (35% higher; middle half -4.1% to +1.1%), and -1.8% over 20.
After 312 past bearish macro events, Crude Oil (Brent) moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
After 565 past bearish macro events, Crude Oil (WTI) moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% 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.