27.
10.23
08:50

Rapeseed with moderate losses on Thursday

The pressure to sell rapeseed on the stock market continues. Even if the losses were more moderate than in the last few days, the most traded February contract showed a loss of 0.25 euros/t on the display board with a closing price of 431.25 euros/t. The other contracts also lost slightly. As a result of the last setbacks this week, the local cash markets are also showing downward trends. According to reports, sales remain manageable. There is still demand for deliveries in the first quarter of next year. Vegetable oil prices stopped their trend yesterday and were even able to increase slightly in stock market trading, thereby providing fundamental support. Rumors about the navigability of the alternative sea corridor across the Black Sea to the port in Odessa (Ukraine) could also bring support. Overall, however, the tailwind was not enough to push prices into the green zone. On the ICE in Winnipeg, the most traded January contract closed Can$11.80 lower at a closing price of Can$682.10/t. Converted, the contract is quoted at 467.44 euros/t.Rapeseed meal prices are stable overall, but sales prices have fallen slightly over the week.

Source
VR AGRICULTURE
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