08.
08.22
10:34

Euronext Raps is bullish ahead of the weekend

For the Euronext rapeseed, the signs were green on Friday. The most traded November increased by EUR 4.75/ton to EUR 653.25/ton. In Winnipeg, canola contracts continued to rise. The rising vegetable oil prices provided particular support. The soy complex, on the other hand, did not find a uniform direction. Market participants blame the recent rainfall in the important growing areas for the slight correction. Soybean sales have regained some momentum. China is active and bought 132,000 tons of soy over the weekend. In addition, another sale of 132,000 tons was also confirmed. The fears about the tensions between the Middle Kingdom and the USA do not seem to be having a negative impact on trade.

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