Canola and rapeseed benefit from bullish soy market

Both in Canada and in Paris, oilseeds were able to benefit from the bullish soybean market and rose moderately. Only the end of the front month in Paris was unimpressed and recorded a loss of 3.25 euros/ton to 403.25 euros/ton. In addition to the requirements from the soy market, the rising prices for vegetable oils and the harvest, which is slowly reaching its target level, provided support. Palm oil futures rose particularly in vegetable oils on Friday. The reason for the bullish impulses was the news that a mixture of kerosene and palm oil was used for the first time in a Boeing flight, attracting speculators in particular to the market.

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