Rapeseed holds its own

Contrary to the trend of the agricultural markets and especially the soy market, the rapeseed contracts in Paris were able to leave the trading session yesterday with profits. The front month of November recorded an increase of 3.75 euros and closed at 468.75 euros/t. Things also went north for the remaining trading months. Rapeseed meal prices on the local cash markets have recently been under some pressure and have fallen slightly. Rapeseed prices themselves have also fallen over the week. While 455 euros/t were traded at the wholesale level free of charge in Hamburg last Thursday, yesterday it was still 448 euros/t. In Canada, initial estimates suggest that 10 percent of the starting area has already been harvested. It was hot and dry here recently, but precipitation could now hinder the harvest. On the ICE yesterday, Canola closed little changed with slight red signs.

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