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June Rapeseed Price Forecasts - Oil slide, crop improvements enhance downside risk

Global Forecasts17/06/26

• Rapeseed prices retreat, undermined by softer crude oil
• Price dip may spur trade buying short term
• However improved production prospects may weigh ahead

• Near-record fund short accentuates downside risk

• El Nino may hurt Australian output, and offer price support

 

 

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