The rapeseed contract turned north again on Friday. The futures contracts also benefited from the very positive indications from the USA: There it went up especially in the front futures for soybeans. The relatively weak US soybean sales had only a minimal impact on the price development, because in the end sales were lower than in the previous week but significantly above the level of the previous week. Despite the bounce, the bearish news remains. The weather front in the important growing areas should ease things up for farmers in the coming days. Average rapeseed stock developments are mainly reported from Europe. All in all, the growers are satisfied with the development of their field crops. A seasonal start to the harvest is expected. However, hardly any prices can currently be determined on the cash markets, as both buyers and sellers are currently acting cautiously.
Source
VR AgrarBeratung AG
