Less rapeseed expected in the EU

There has been little change in the fundamental data on the rapeseed market. After the volatile market movements, some calm returned yesterday. The front month, which is about to end, recorded a loss of 4.25 euros/ton to 420.00 euros/ton. The later dates were able to change the signs and recorded slight gains. In Canada, contracts did not find a consistent direction yesterday. The profits could no longer be maintained at the end of the trading day, so prices fell across the board. Over the past few weeks, the experts at Strategie Grains have further reduced their forecasts due to the poorer harvest results. The September forecast predicts a volume of 18.9 million tonnes for the EU. In August the estimate was 19.4 million tonnes.

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