Rapeseed remains volatile: Positive signs on Tuesday

The volatility in the rapeseed future on Euronext/Matif continues. Yesterday, the leading May contract was trading at 5.50 euros/tonne. At the closing bell in Paris, the price was 448.25 euros/tonne. On Monday, rapeseed was still showing losses, but these were more than made up yesterday. On the spot markets, rapeseed meal prices have recently been somewhat weaker at the wholesale level. From the Hamburg station, 24 euros/tonne are currently quoted for deliveries in May. Rapeseed oil in the port of Rotterdam is also stable. Rapeseed prices have recently only moved slightly. For deliveries in May, 433 euros/tonne ex works oil mill Hamburg were quoted yesterday at midday. Overall, the market continues to be torn. The market is being weighed down by the specifications from the soy market and the recent decline in crude oil prices. However, the fact that the EU Commission recently estimated the European harvest to be lower than last year and that the USDA lowered its forecast for Canada in a special report provide support. The tensions in Ukraine over the weekend are adding to the problem.

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