Rapeseed remains volatile

The volatile development in rapeseed remains. Yesterday the contracts increased slightly. The front month of February closed with an increase of 2.50 euros/t at 428.50 euros/t. The losses from Tuesday were not made up. Overall, many market participants assume that the downward trend of the past few days has been a bit too great and are taking the opportunity to build up positions again. A similar picture emerged in Canada. Canola on the CIE was able to gain and correct despite falling crude oil prices and weak inputs from the soy market. Nevertheless, the strong Canadian dollar is keeping price developments within limits.

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