22.
08.23
11:07

Rapeseed down, Canola continues to rise

Rapeseed failed to continue the uptrend yesterday. Profit-taking shaped trading in Europe. On the spot markets in Germany, the turnover outside of existing contracts is still transparent in relation to other years. Oil mills have already stocked up well before the harvest, producers are waiting for further developments or are still busy with the final harvesting work. Today the German Farmers' Association will present a first harvest balance sheet. Average rapeseed yields are expected, which, however, are also likely to be influenced by the weather conditions during the cultivation phase. Regional differences can also be expected from the first harvest reports. Canola in Winnipeg, on the other hand, was up and got a tailwind from both the soybean rally and the current heat development in the Canadian prairies. With the start of today's trading day, the signs on the Euronext/Matif are red again.

Source
VR AGRICULTURAL
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