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Kazakhstan's oilseed flax harvest is expected at about 1.35 million tonnes, flat year on year, despite a 41.3% rise in planted area. Dry summer weather cut yields, while exports to China are growing and shipments to Europe face transport bottlenecks.
Russia's flax crop is also tracking below earlier forecasts.
Logistics limits on Kazakh flax shipments to Europe tighten available supply in the EU, which supports European flax seed and linseed prices. Lower Russian output adds to the firmer tone.
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.