Canola falls to its lowest level in three years

The friendly mood of the past few days could not be maintained in the rapeseed trade yesterday. The negative requirements from the other raw material markets left their mark on rapeseed. The front month of May 24 closed with a setback of 3 euros at 421.50 euros per ton. Canola in Winnipeg also showed its bearish side yesterday, losing Can$12.40 in the May contract, sending the leading contract to its lowest level in three years. The volumes traded on the local cash markets remain manageable. Rapeseed meal has recently shown somewhat firmer prices, but has already been traded at a slightly lower price. Overall, availability remains scarce, especially for prompt games.

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