Little movement in rapeseed

Without any guidance from the soy market, rapeseed moved mostly sideways yesterday. At the closing bell, the leading May date was trading at 426.75 euros per ton with a daily loss of 0.75 euros. The prospects of a smaller European rapeseed harvest provide tailwind, but at the same time rapeseed is not currently in short supply. Cash market activity has recently calmed down somewhat. Rapeseed meal showed slightly firmer trends at the wholesale level at the start of the week. Availability is still scarce. However, rapeseed oil in the port of Rotterdam continued to decline, in line with palm oil prices in Malaysia. Crude oil rose slightly yesterday. However, WTI and Brent closed with only moderate changes overall.

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