Rapeseed with significant losses

In the front month of February 24, things went very significantly south. The oilseed suffered a daily loss of 12.50 euros with a closing price of 424.00 euros/t. The now most traded May contract closed the first trading day of the new week with a loss of EUR 6.00. The price movement is primarily due to the weak environment for agricultural goods overall. The prices for soybeans and soybean oil also fell, palm oil on the Malaysian stock exchange also closed with losses and canola in Winnipeg lost double digits yesterday. Crude oil also showed red signs yesterday and thus also weighed on rapeseed. Cash market prices are also under pressure, although trading remains manageable. The falling prices for rapeseed meal and soybean meal have also recently driven down feed prices.

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