Canola price rally continues

The friendly atmosphere also prevailed on Tuesday at the rapeseed event on Euronext. The front month of May recorded a price increase of 13.25 euros/ton to 444.00 euros/ton. The bulls also took the lead on the Canadian stock market. The canola contracts exited trading with up to double-digit gains. In addition to the report earlier this week that the forecast for oilseed acreage is expected to be 21.39 million acres, which is below last year's level. In addition, more and more investors are stocking up on short positions, thereby further supporting trading.

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