Little interest in buying rapeseed

Yesterday, rapeseed was unable to maintain the positive growth from the previous day. The front month of February fell by 4.75 euros to 430.75 euros/t, thus continuing its fundamental downward trend. Effective trading remains quiet. Oil mills continue to be supplied to meet their needs. Producers are also waiting at the current price level and are not offering excessive quantities of stored goods. Canola also headed south on the ICE in Winnipeg. For the fifth time in a row, the signs in Winnipeg were red. The March contract there closed yesterday at 631.50 Can dollars, which corresponds to a converted price of 432.77 euros/t. Canola is usually more expensive in Canada than in Europe, but prices have recently leveled out further. The negative specifications for crude oil and the soy market are weighing on the situation.

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