Vegetable oils supported rapeseed and canola

Rapeseed ended the week in the green. At the closing bell, a price of 413.50 euros/t for the front month of May was on the Euronext/Matif display board in Paris. This not only means Friday ended with profits, but the contract also looks friendlier on a weekly basis. On Friday of the previous week, the closing price in the leading May date was 408.25 euros/t. Developments in the oilseed sector in particular had a supportive effect. The crude oil prices for WTI and Brent rose on Friday and the soy complex also started the weekend with positive signs. Only soybean oil fell marginally, while palm oil continued its price rise on Friday. Canola in Winnipeg also closed on a positive note with manageable gains of Can$1.50 to Can$595.20/t in the leading May date. Converted, the price is 404.50 euros/t.

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