Growers mostly satisfied with the development of the rapeseed plants

Rapeseed rose yesterday and closed with a daily gain of 4 euros in the most traded May date at 428.25 euros/t. However, in the first trading month of the year, which has now concluded, the contract has lost 12.50 euros per ton. Most producers are satisfied with the development of winter rapeseed stocks in this country. Most of the plants got through the winter well; according to market participants, weather damage is not an issue on a large scale. The cash markets continue to show slightly weaker trends for rapeseed meal, and rapeseed oil remains under price pressure in the port of Rotterdam. This is also a consequence of the falling prices for palm oil on the Kuala Lumpur stock exchange. Canola in Winnipeg was unable to close in the green despite the positive indications from the soy market and European rapeseed. Due to falling canola prices, farmers in Canada are currently trying to market their stocks more and are thus causing further price pressure.

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