10.
05.24
08:59

Canola: Rain causes cooling

Rapeseed lost ground on the Paris stock exchange on Ascension Day. At the same time, the May contract left the trading floor. The new front month of August was quoted at 475.75 euros/t at the closing bell, a loss of 4.75 euros. Overall, oilseeds and vegetable oils were under selling pressure yesterday. In western Canada, which has been dry recently, rainfall brought relief to canola producers. New figures on the global rapeseed harvest are expected at today's WASDE. In April, the USDA last estimated global rapeseed production in 2023/24 at 88.385 million tons, 500,000 tons lower than in 2022/23. At 7.81 million tons, global ending stocks were also around 500,000 tons lower than at the end of last season. Palm oil in Malaysia was also trading in the red yesterday, as was the entire soy complex.

Source
VR AGRAR
Rückrufservice
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich