22.
02.24
08:28

Vegetable oils pull rapeseed down

Contrary to the trend of the last few days, rapeseed fell significantly yesterday. The front month of May closed with a loss of 4 euros at 422.25 euros/t. While buying and selling arguments were balanced on the first two trading days of this week, the bears gained the upper hand yesterday. The clearly negative specifications from the soy complex and the price quotations for vegetable oils, which have recently been under pressure, pushed prices south. In Winnipeg, Canada, there were also significant losses on the ICE for the canola traded there. Here too, the burdened vegetable oil prices are cited as the cause, but Canadian farmers' continued high willingness to sell is also putting pressure on price developments in the North American country. Fresh import figures from the EU are not yet available this week. Technical reasons have prevented new figures in the last two weeks.

Source
VR AGRICULTURE
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