11.
01.24
09:13

Rapeseed can decouple itself in the oilseed market

Rapeseed gains on the second trading day in a row. The front month of February closed three euros higher at 426.00 euros/t. This meant that rapeseed was able to set itself apart from the requirements from Canada and from soya. On the cash markets, prices for rapeseed are again slightly higher. Rapeseed meal is falling again where it was recorded yesterday. Rapeseed oil also rose slightly in price in the port of Rotterdam. Overall, spot business remains quiet, especially for rapeseed. In East Germany in particular, the mills are supplied with supplies from Lithuania. From the beginning of March, increased shiploads from Australia are also expected. After the initial drought, the yield prospects there had improved significantly due to persistent rainfall. Nevertheless, the Australian harvest will be significantly lower than last year. After over 8.2 million tons last year, this year's harvest for Down Under is given by the USDA at 5.5 million tons.

Source
VR AGRICULTURE
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