Canola Prices - Sixth Consecutive Day In Profit, Rapeseed Also Up

Rapeseed was able to follow the guidelines from overseas and posted moderate gains. The front month of August recorded an increase of EUR 4.00/tonne to EUR 469.50/tonne. In Canada, concerns about the ongoing drought continue to drive prices higher. For the sixth day in a row, the canola contracts were able to stay in the profit zone. In the coming days, the weather situation in the important growing areas is unlikely to improve noticeably. The rising vegetable oil prices gave additional impetus. In particular, Malaysia's higher export business supported yesterday's development.

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