17.
07.23
11:20

Drought in Canada supports canola prices

The rapeseed on the Matif/Euronext could not maintain the gains of the previous day and ended the weekend with losses. It ended trading down 8.00 for the front month. The other following contracts also recorded losses. In Canada, on the other hand, Canola prices continued to turn positive. As in many regions of the world, the weather in Canada is causing displeasure and concern among local farmers. It is still too dry and little or no precipitation is expected in the growing areas for the coming week. In addition to the weather concerns, the rising oil prices were able to provide buying impulses among investors. So, before all, the big investors built up their positions again. The oil types Brent and WTI were able to increase again and again in the past week.

Source
VR Agriculture
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