The rapeseed prices on Euronext / Matif remain just as volatile as the rapeseed prices on the domestic cash markets. Supported by positive soybean targets and recently firmer prices for vegetable oils, contracts in Paris rose significantly on Friday. As in Germany, the rapeseed area is expected to increase significantly in France. The Ministry of Agriculture in Paris expects an area increase of 12% compared to the previous year. Offers from the last harvest are hardly traded anymore. The availability of raw materials is still low. Same goes for Canada. Canola also gained significantly on Friday. Here, too, the development of vegetable oil and the scarce supply are driving up prices. Soy grew across the board on Friday. The soybean oil stocks are further reduced and the weather conditions in South America are providing support. The south of Brazil in particular has recently experienced too little rainfall. Worries are growing that the drought, which is typical for January, could last longer than usual. Overall, however, many analysis houses continue to expect a strong soybean harvest in South America.
Source
VR AgrarBeratung AG