Rapeseed: Waiting for harvest

Raps started a counter-movement yesterday. At the end of the first trading day of the new week, an increase of 11 euros/t in the most traded November date was on the display board with a closing price of 459.25 euros/t. Rapeseed benefited in particular from the targets for soybeans and Canadian canola. Here, in Canada, the growing conditions have again deteriorated somewhat. IN the western regions of the prairie, high temperatures and no precipitation are forecast for the coming days. There is speculation among market participants on the ICE in Winnipeg that Canola can again reach the $800 mark. In Europe, market participants are still waiting primarily for news about the export agreement for Ukraine and the first harvest results. Rapeseed prices are friendly at the start of trading this Tuesday.

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