Rapeseed is still under sales pressure. On Friday, the front month temporarily traded below the mark of 600 euros/t. The decisive factor continues to be the globally better supply of the rapeseed market. The canola harvest there is almost complete with a progress of 98%. A production of 3.1 million tons is expected. The consequences of the war caused the local harvest to collapse significantly. On the cash markets in Germany, rapeseed prices are also under pressure. From the Hamburg station, 352.00 euros/t are reported today for prompt delivery. The prices for rapeseed oil have also fallen significantly in recent weeks. The soy complex showed slight losses on Friday. The weather forecasts, which are still good, are putting pressure on prices here. Rainfall continues to be announced in major US growing areas. US exports, in turn, support the market. In the autumn in particular, the Americans expect significant demand impulses from China.
Source
VR AgrarBeratung AG