Rapeseed is also heading south on the second trading day of the new week. The August futures contract in Paris on Euronext/Matif closed 9.25 euros per tonne lower at 470.00 euros per tonne. Just two weeks ago, the August contract was approaching the 500 euro mark. Overall, the market environment for oilseeds is weighing on the rapeseed market. High inventories in Canada are also causing price expectations for rapeseed to fall. Canola on the ICE in Winnipeg also fell and closed with a loss of 6.40 can dollars at 628 can dollars/tonne. In addition to the high stocks from last year's harvest, good growing conditions for the coming harvest are also weighing on price expectations.
Source
VR AGRAR
