Unchanged rapeseed forecast for France

Despite the weak conditions on the agricultural markets, rapeseed was able to say goodbye to the trade with a green sign. The most traded November date closed with an increase of 4.71 euros/t at 471 euros/t. In its WASDE report, the USDA expects global production of 87.423 million tons, which is still slightly below the previous year's result of 88.335 million tons) but very significantly above the global harvest of 2021, when 75.08 million tons of rapeseed were harvested became. For Europe, the ministry in Washington expects a harvest volume of 20.2 million tons, in Canada 20.3 million tons are likely to be harvested. The drought in the predominantly western Canadian prairies is supporting the canola and canola market overall. The French Ministry of Agriculture has not made any changes in rapeseed production for the new marketing year compared to its previous estimate. Production of 4.6 million tons is expected, which is 2.5% higher than in the previous year.

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