Rapeseed slightly weaker

Rapeseed was volatile yesterday, but at the closing bell it was only traded at a slight discount. The most traded May contract closed with a loss of EUR 0.75 at EUR 407.50/t. Support comes from rising palm oil prices and the requirements from the soy complex also provided tailwind. However, the weak cash market sales in Europe and the current comfortable availability put a greater burden than the friendly guidelines could support. Canola gained 10.10 Can dollars to 588.30 Can dollars/t (401.46 euros/t). The requirements for palm oil and the soy complex are particularly supportive here.

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