Recovery attempts in rapeseed

The leading February date for rapeseed rose to 432.75 euros per tonne yesterday. However, the increase was somewhat smaller for the subsequent contracts. However, the recovery attempt after last week's setbacks is not yet considered sustainable. Things remain extremely quiet on the cash markets. Rapeseed meal prices for deliveries in the new year rose slightly again at the weekend. The amount of rapeseed meal available in this country is still scarce. Rapeseed oil in the port of Rotterdam, on the other hand, has recently fallen and is currently quoted at 900 euros/t for deliveries in March. At the beginning of December, 925 euros/t were called and traded here for this delivery period. Support for rapeseed as a whole came from the international environment. After significantly declining developments in recent weeks, palm oil has now increased for three trading days in a row. Canola in Winnipeg also showed gains yesterday of Can$6 to Can$664.90/t (€454.14/t), surpassing its six-month low from last Friday. However, firmer Canadian dollar exchange rates tend to have a negative impact in Canada.

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