25.
04.24
09:13

Fear of frost damage to rapeseed

There was no uniform development on the rapeseed market yesterday. The May contract, which expires shortly, fell very significantly, while the most traded August contract closed marginally weaker with a price change of EUR 0.75 - the closing price for this contract was EUR 459.50 per tonne. Traders and market observers are sometimes concerned about the development of stocks. Although the plants have generally come through the vegetation period very well so far and have developed around two weeks earlier than usual due to the weather conditions, night frosts in some regions could have caused lasting damage. In Winnipeg on the ICE, canola gained significantly again yesterday, rising by 15.60 can dollars to 639.40 can dollars per tonne. This was mainly due to speculative buying and an increasing number of short positions being closed out. However, dry prospects for the Canadian prairies are also providing a tailwind for price expectations. Palm oil is continuing its upward trend and also increased in price yesterday.

Source
VR AGRAR
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