Rape with losses

The rapeseed prices went with losses from the last trading day of the past week. A settlement of 456.25 euros and thus a daily loss of 4.75 euros/t was on the scoreboard at the closing bell of the Matif in Paris. In the WASDE published on Friday, the USDA continues to assume a harvest volume of 20 million tons for Europe and is thus more optimistic than the EU Commission, which last estimated 19.4 million tons. On the other hand, there should be more rapeseed in the Ukraine. Here, the USDA expects a harvest of 100,000 tons more than in July from the current 4.1 million tons. More rapeseed is also expected for Russia. The rapeseed harvest in Canada, on the other hand, will be reduced. Just like on the Matif, Canadian Canola also went south on the ICE.

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