Rapeseed meal prices are falling slightly

Yesterday, rapeseed on Euronext/Matif was unable to maintain the rising trend of the last few days. The front month of February closed with a loss of 1.50 euros at 450.75 euros/t. Negative data from the soy complex and Canadian canola also weighed on the mood in the rapeseed market. In the past month, however, the February date at Matif was able to close more firmly. Since November 1st, rapeseed has become more expensive by 10.50 per ton. Business developments remain calm on the cash markets. However, rapeseed meal prices are currently trending somewhat weaker. The federal average is currently 311 euros/t, which is 5 euros less than a week ago. Soybean meal prices also fell slightly over the week. Next Monday, Statistics Canada will release new figures and estimates for this year's canola harvest.

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